Türkiye's short-term debt at $170.7B in October

​​​​​​​ISTANBUL

Türkiye's short-term external debt stock increased by 14.5% to $170.7 billion in October, versus the end of 2022, the country's Central Bank revealed on Friday.

Banks' short-term external debt stock increased by 5.5% to $65.7 billion and other sectors' short-term external debt stock increased by 9.5% to $59.2 billion, the bank noted.

Short-term foreign exchange loans of the banks received from abroad rose by 16.8% to $12.5 billion.

It added that trade credits "due to imports under other sectors recorded USD 53.2 billion reflecting an increase of 9.2 percent compared to the end of 2022.

"From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 13.3 percent to USD 32.7 billion and the short-term debt of private sector increased by 5.4 percent to USD 92.2 billion compared to the end of 2022."

The currency breakdown of short-term external debt stock composed of 50.8% US dollars, 23.1% euros, 9.7% Turkish liras, and 16.4% other currencies.

"Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded USD 219.9 billion, of which USD 16.3 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad," noted the Central Bank.