Türkiye’s short-term external debt fell to $178.8B in November

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye’s short-term external debt was down to $178.8 billion at the end of November, posting a 0.8% month-on-month decrease, the country’s Central Bank announced on Friday.

Turkish banks' short-term external debt fell 0.7% to $81.6 billion, while other sectors' short-term external debt rose 1.1% to $61 billion, compared with October.

Short-term foreign exchange loans to Turkish banks from abroad increased by 4.3% to $23.8 billion, while non-residents' foreign exchange deposits in resident banks declined by 4.7% to $18 billion.

Trade credits linked to imports from other sectors fell 0.5% to $52.5 billion, the data showed.

The currency breakdown of the debt stock was 47.8% US dollars, 20.5% euros, 16.7% Turkish liras, and 15% other currencies.

On a remaining maturity basis, including external debt within one year, Türkiye’s short-term external debt stock totaled $232.7 billion, decreasing 1.4%.