Economic crises

The Turkish Treasury's cash balance posted a deficit of 14.95 billion Turkish liras ($2.69 billion) in March, the Treasury and Finance Ministry said on April 5.

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 Feb. 20.

The Turkish Treasury will repay debts worth 66 billion Turkish Liras (around $12.7 billion) in the February-April period, the Treasury and Finance Ministry announced on Jan. 31.

Turkey's Halkbank has become the third state bank to declare a low-interest rate campaign for citizens to pay off their credit card debts.

Turkey’s textile industry foresees weaker demand in the domestic market as rising costs will push prices higher, but hopes to boost exports this year.

The house price index increased by 11.3 percent in October from a year earlier, data from the Central Bank showed on Dec. 18.

The consumer price index has seen a 21.62-percent annual hike in November, the Turkish Statistical Institute (TÜİK) said.

The surge in Turkey's annual inflation has been driven by rises in basic goods, food and energy prices, the Central Bank said in a monthly report released on Oct. 4.

Credit rating agency Fitch has downgraded the "long-term foreign-currency issuer default ratings" of 20 Turkish banks and viability ratings of 12 banks, citing mounting risks confronting the sector in the wake of the recent currency turmoil.

The Turkish Treasury borrowed some 2.2 billion Turkish liras (around $347 million) from domestic markets, the Treasury and Finance Ministry announced on Sept. 18.