Short-term external debt at 135 billion dollars

ANKARA

The stock of short-term external debt increased by 10.6% compared to the end of 2021 to stand at 134.5 dollars at the end of May, the Central Bank said yesterday.

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During the same period, the stock of short-term external debt of the country’s banks increased by 9.2% to $6.1 billion and the stock of short-term external debt of other sectors rose 10.9% to $49 billion.

Banks’ short-term foreign currency loans received from abroad rose 11.1% to $12.3 billion.

“Non-residents’ foreign currency deposits (excluding the banking sector) with resident banks increased by 0.8% compared to the end of 2021 to reach 15.4 billion dollars, while the deposits of non-resident Turkish liras increased by 16% and reached $11 billion,” the central bank said. said.

Public sector short-term debt, which consists of state-owned banks, rose 9.5% to $24.3 billion and private sector short-term debt rose 10.1% to 80.8 billion from the end of 2021.

“At the end of May, the breakdown by currency of outstanding short-term external debt was composed of 45.5% US dollars, 25.9% euros, 9.1% liras and 19.5% other currencies.”

The stock of short-term external debt on a residual maturity basis, calculated on the basis of external debt maturing within one year or less, was $182.3 billion, of which $17.5 billion belongs to resident banks and the private sector from overseas bank branches and subsidiaries, the bank said.

Turkey, short-term debt, economy,

Shirlene J. Manley