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Turkey’s short-term external debt stock reaches $125.5B in October

Turkey’s short-term external debt stock reaches $125.5B in October
Foreign debt due to be paid over next 12 months rises 9.9% from end-2020

By Aysu Bicer

ANKARA (AA) – Turkey's short-term external debt stock totaled $125.5 billion as of end-October, the Central Bank said on Friday.

Foreign debt due to be paid over the next 12 months posted a rise of 9.9% compared to the end of 2020, the bank said in a statement.

In this period, banks’ short-term external debt stock fell 1.1% to $56.7 billion in the same period, while other sectors’ short-term external debt stock rose 20.3% to $42.7 billion.

Trade credits due to imports under other sectors came in at $37.4 billion, up 25.5% compared to the end of 2020.

Banks' short-term forex loans received from abroad dropped 7.2% to $12.6 billion.

As of the end of October, some 43.6% of the debt stock was in US dollars, 25.2% in euros, 12.1% in Turkish liras, and the remaining 19.1% in other currencies.

From the borrowers' side, the short-term debt of the public sector – or state lenders – rose 3% to $25.6 billion, while the private sector saw $24 billion in debt, up 8.4% from end-2020.

source: News Feed
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