The value of dollar-denominated debt from countries and companies outside the United States reached a record $11 trillion, according to the Bank for International Settlements (BIS), the central bank of the world's central banks. The figures came after a 5.2% yearly basis rise.
Data measured up to the end of September and doesn’t account credit by banks and other financial institutions also rose by 10.5% to.9 trillion euros, while the Japanese yen dominated debt rose by 3.3% to 43.8 trillion yen.
Global debt levels have risen over the past 10 years after major economies cut interest rates in the wake of the global financial crisis.
