Türkiye's short-term external debt at $176.6B in August

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's short-term external debt stock totaled $176.6 billion at the end of August, rising by $25 million from the previous month, according to central bank data released Monday.

The stock of external debt on a remaining maturity basis, covering debt falling due within one year regardless of its original maturity, stood at $243.3 billion.

Banks' short-term external debt declined 1.6% month-on-month to $76.3 billion, while that of other sectors edged up 0.1% to $74.6 billion.

Short-term foreign currency loans received by banks from abroad fell 3% to $9.2 billion.

Foreign currency deposits held by non-resident banks in resident banks slipped 0.1% to $19.7 billion, while those held by non-residents outside the banking sector increased 1.7% to $22 billion.

Non-residents' Turkish lira deposits declined 4.8% to $25.3 billion.

Among other sectors, trade credit liabilities arising from foreign trade transactions decreased 0.8% to $64.5 billion. Cash loan liabilities, meanwhile, rose 6.6% to $10 billion.

The US dollar accounted for 34% of the short-term external debt stock, followed by the euro at 27.1%, the Turkish lira at 25.6% and other currencies at 13.3%.

On a remaining maturity basis, non-residents' deposits in resident banks decreased to $67 billion, while loans of banks and other sectors fell to $75.1 billion.

Mücahithan Avcıoğlu