Turkey: Short-term foreign debt stock at $118.2B

Short-term external debt maturing within one year sees 1.6% rise since end-2018

By Tuba Sahin

ANKARA (AA) - Turkey's short-term external debt stock totaled at $118.2 billion as of February-end, the country's Central Bank revealed on Wednesday.

Debt maturing within the next 12 months increased 1.6% in February since the end of last year, the bank said in a statement.

Some 49.2% of the country's short-term external debt stock was in dollars, followed by 29.8% in euros, 15.7% in Turkish liras, and 5.3% in other currencies.

"Specifically, in this period, banks’ short-term external debt stock increased by 0.9% to $57.4 billion and other sectors’ short-term external debt stock increased by 2.6% to $54.9 billion," it said.

From the borrowers’ side, short-term public sector debt -- mainly of public banks -- reached to $24.7billion, decreasing 9.8% since the end of 2018.

Short-term private sector foreign debt went down 0.4% to $87.6 billion in the same period.

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