Money

Turkiye’s short-term external debt stock reaches $130.5B in Feb

Both banks, other sectors’ short-term debt see increases

Turkiye’s short-term external debt stock totaled $130.5 billion as of the end of February, the country’s Central Bank said on Friday.

The foreign debt due to be paid over the next 12 months posted a rise of 8.5% compared to the end of 2021, the bank said in a statement.

In this period, banks’ short-term external debt stock increased 6.2% to $54.7 billion, while other sectors’ short-term external debt stock rose 7.6% to $46 billion.

The trade credits due to imports under other sectors came in at $40.6 billion, up 8.5% compared to the end of 2021.

Banks’ short-term foreign exchange loans received from abroad increased 1.6% to $11.4 billion.

As of the end of February, some 44.1% of the debt stock was in US dollars, 25.3% in euros, 10.2% in Turkish liras, and the remaining 20.4% in 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 $176.4 billion,” the bank added.

Source
AA

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