Türkiye's short term foreign debt at $165.8B in July

By Gokhna Ergocun

ISTANBUL (AA) - Türkiye's short-term foreign debt stock rose to $165.8 billion in July, up by 11.2% from the end of 2022, official figures revealed on Friday.

The Turkish Central Bank said its short-term external debt stock was up by 4% to $64.8 billion, while other sectors' stock rose by 1.1% to $54.6 billion.

Short-term foreign exchange loans of the banks received from abroad increased by 7.9% to $11.6 billion, while foreign exchange deposits of non-residents within resident banks dropped by 4.4% to $20.7 billion.

Trade credits, due to imports, totaled $48.5 billion as of July, down by 0.5% versus the end of 2022.

Some 48.4% of the short-term debt stock was in the US dollar, the euro followed it with 25.2%, and the Turkish lira with 9.1%, while 17.3% was in other currencies.

"Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within one year or less regarding of the original maturity, recorded USD 210.0 billion," the bank said.