Türkiye’s short-term external debts drop to nearly $179B in November

Türkiye’s short-term external debt fell to $178.8 billion at the end of November, posting a 0.8% month-on-month decrease, the Central Bank of the Republic of Türkiye (CBRT) announced on Friday.

According to the Monthly Developments of Short-Term External Debt Statistics, CBRT’s short-term external debts declined by 3.8% to $36.13 billion and Turkish banks’ debts fell 0.7% to $81.6 billion, while other sectors’ debts rose 1.1% to $61 billion, compared with October.

Short-term foreign exchange loans to Turkish banks from abroad increased by 4.3% to $23.8 billion, while non-residents’ foreign exchange deposits in resident banks declined by 4.7% to $18 billion.

Trade credits linked to imports from other sectors fell 0.5% to $52.5 billion, however, the short-term debt of other sectors increased by 1.1% to $61 billion. the data showed,

On a remaining maturity basis, including external debt within one year, Türkiye’s short-term external debt stock totaled $232.7 billion, decreasing 1.4%.

The currency breakdown of the debt stock was 47.8% U.S. dollars, 20.5% euros, 16.7% Turkish liras, and 15% other currencies.