Turkey’s outstanding short-term foreign private-sector debt narrowed in November 2019, the Central Bank of the Republic of Turkey (CBRT) said on Thursday.

The private sector’s short-term external loans, excluding trade credits, totaled $10.2 billion, down $5.2 billion in November 2019, compared to the end of the previous year.

The bank’s data showed that some 71.5% of all short-term loans consisted of liabilities of financial institutions.

Some 49.6% of short-term credits were in U.S. dollars, while the rest were in euros (29.6%), Turkish liras (20.3%) and other currencies (0.5%).

On the long-term side, the private sector’s overseas loans amounted to

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