Foreign currency debt down
three percent so far in 2019
Almost two thirds of public debt is in lira
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Gross public debt in foreign currencies decreased by three percent since the beginning of this year, and by eight percent since the end of the third quarter of 2018.

Foreign currency debt amounted to $32.5 billion at the end of September 2019, or 37 percent of total debt, down from 42 percent a year before. The average interest on foreign-currency denominated debt was 6.5 percent. The average life on outstanding debt was 7.4 years.

Total gross public debt, all currencies included, reached $86.8 billion during that period, an increase of two percent ($1.6 billion) since the beginning of the year and 3.5 percent for the last 12 months.

The average interest rate on lira-denominated public debt was 6.5 percent and the average remaining life is 4.5 years.

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Date Posted: Nov 26, 2019