By Mucahithan Avicoglu
ISTANBUL (AA) - Türkiye's short-term external debt was down to $168.4 billion at the end of April, the Turkish Central Bank said on Thursday.
The figure fell 2.6% or $4.5 billion from the previous month's $172.8 billion.
The banks’ short-term external debt fell 6.2% to $73.1 billion, and the short-term external debt of other sectors climbed 1.2% to $65.5 billion over the same period.
The short-term foreign exchange (FX) loans Turkish banks took from abroad dropped 30.2% to $13 billion, while foreign exchange deposits of non-residents in resident banks rose 2.5% to $19 billion.
"FX deposits of non-residents (excluding banking sector) recorded $20.4 billion increasing by 4.8%," the Central Bank said in a statement.
"In addition, non-residents’ Turkish lira deposits decreased by 2.8% and recorded $20.7 billion," it added.
The trade credit liabilities linked to foreign trade transactions rose 1.8% to $61.7 billion in April, while liabilities arising from cash loans dropped by 8% to $3.8 billion, the data showed.
The currency breakdown of the debt stock was 36% in US dollars, 27% in euros, 21% in Turkish liras, and 16% in other currencies.
On a remaining maturity basis, including external debt within one year, Türkiye’s short-term external debt stock at the end of April totaled $222.8 billion.