Turkey: Central government's gross debt at $212B

By Tuba Sahin

ANKARA (AA) - Turkish central government's gross debt stock stood at nearly 1.1 trillion Turkish liras (around $212 billion) as of Jan. 31, the Treasury and Finance Ministry announced on Wednesday.

Some 586.2 billion liras ($113.6 billion) of the debt stock is denominated in Turkish lira, while 511.9 billion liras ($99.2 billion) is in foreign currency.

The gross debt stock includes the outstanding debt of public sector institutions, the Central Bank, private companies, and households.

The ministry's data showed that the stock of Treasury receivables reached 18.5 billion Turkish liras ($3.6 billion) as of January-end.

At the end of 2018, the gross debt stock of Turkish government was 1.07 trillion Turkish liras ($202.5 billion)

The U.S. dollar/Turkish lira rate was around 5.16 as of Jan. 31, up from 5.27 at the end of last year.