Turkish banks’ short-term (ST) external debt (XD) increased to USD84 billion at end-3Q20 from USD82 billion at end-2019. In Oct. 2020, an earthquake hit the western province of Izmir, causing damages of approximately 3.5 billion liras ($477.7 million). The Turkish national airline, which is … But for the past year, his government has been running a high-stakes economic experiment. Turkish economy to shrink in 2020, recover next year: Reuters poll. Foreign debt. Turkish President Recep Tayyip Erdogan is not usually known as an economic innovator. The club's debt is about four times that amount. As of end of December, the currency breakdown of short-term external debt stock composed of 43.6 percent US dollars, 28.3 percent euro, 13.1 percent Turkish lira and 15.0 percent other currencies. At the end of December 2017, the gross, foreign-currency denominated debt of the Turkish state stood at $453.2 bn (about 53% of GDP), while Turkey's net foreign debt was $291.2 bn (about 34% of GDP). It has bought up government debt at record levels since the end of March in the face of the outbreak. ANKARA . Government Debt in Turkey increased to 1837639 TRY Million in January from 1812847 TRY Million in December of 2020. Turkish Airlines posted a net loss of $836 million for 2020, according to a report on financial results released on Monday. Government Debt in Turkey averaged 336986.11 TRY Million from 1986 until 2021, reaching an all time high of 1935227 TRY Million in October of 2020 and a record low of 15 TRY Million in January of 1986. Loans guaranteed by the Turkish Treasury stood at … The increase reflects higher redemptions over the next 12 months and marginally higher non-resident Turkish lira deposits, rather than an increased appetite to raise foreign-currency (FC) debt, in Fitch Ratings’ view. In July 2020, Turkish exports reached 15 billion dollars compared to 17.7 billion dollars in imports. Turkish private sector's outstanding long-term foreign loans stood at $163.5 billion as of December, decreasing by $16.5 billion since the end of 2019, Turkey's central bank said on Wednesday. The data relate to the entire Turkish state and include government debt and the debt of the provinces, municipalities, communes as well as social security. In 2019, Turkey's national debt … The Treasury and Finance Ministry is forecasting 65.1 billion Turkish Liras ($11.3 billion) in external debt payments in 2020. In the same period, short-term debt to official creditors recorded USD 84 million.