Türkiye's short-term external debt stock at $142.3B

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's short-term foreign debt stock amounted to $142.3 billion as of October, increasing 17.1% compared to the end of the last year.

Banks' short-term external debt was up by 13.4% to $58.3 billion while other sector's debt totaled $51.8 billion with an increase of 17.4%, the country's central bank announced on Friday.

Foreign exchange loans of banks from abroad was down by 6.1% to $10.4 billion.

The bank said: "FX deposits of non-residents (except banking sector) within residents banks increased by 16.9 percent in comparison to the end of 2021 recording USD 17.9 billion, and FX deposits of non-resident banks recorded USD 18.4 billion increasing by 18.0 percent.

"In addition, non-residents’ Turkish lira deposits increased by 22.7 percent and recorded USD 11.6 billion."

Other sectors' trade credits recorded $46.4 billion, up by 19.4% over the same period.

"As of end of October, the currency breakdown of short-term external debt stock composed of 45.8 percent US dollars, 26.1 percent euro, 9.2 percent Turkish lira and 18.9 percent other currencies," the bank added.