Türkiye's short-term foreign debt at $134.8B in June

By Aysu Bicer

ANKARA (AA) - Türkiye’s short-term foreign debt stock totaled $134.8 billion as of the end of June, according to official data released on Wednesday.

The external debt due to be paid over the next 12 months rose 10.9% from the end of 2021, the Turkish Central Bank said.

Banks’ short-term external debt stock increased by 8.9% to $56 billion and other sectors’ short-term external debt stock was up by 12% to $49.4 billion.

Short-term foreign exchange (FX) loans of banks received from abroad rose by 0.1% to $11.1 billion.

"FX deposits of non-residents (except banking sector) within residents banks increased by 4% percent in comparison to the end of 2021 recording $5.9 billion. In addition, non-residents’ Turkish lira deposits increased by 15.2% and recorded $10.9 billion," it said.

As of the end of June, the currency breakdown of short-term external debt stock was made up of 46.2% US dollars, 25.5% euros, 9.1% Turkish liras and 19.2% other currencies.