Short-term external debt stock of Turkey hits $128.4 bln.

Short-term external debt stock of Turkey hits $128.4 bln.
  • Clock-gray 18:46
  • calendar-gray 17 September 2020

Turkey's short-term external debt stock totaled $128.4 billion as of the end of July, official data showed on Thursday, APA reports citing Anadolu Agency.

Maturing within one year or less, the country's external debt stock rose by 4.2% from the end of 2019, the Central Bank of the Republic of Turkey said.

The currency breakdown of the debt stock was made up of 41.6% US dollars, 29.2% euros, 13.2% Turkish liras, and 16% other currencies.

Banks' short-term external debt stock rose 1.2% to $56.7 billion while other sectors' short-term external debt stock was down 12.3% to $51.5 billion during the same period.

From the borrowers' side, the short-term debt of the public sector, which consists of state lenders, climbed 9.6% to $27.4 billion.

"The short-term debt of the private sector decreased by 10% to $80.9 billion compared to the end of 2019," it said.

Short-term foreign exchange (FX) loans that banks received from foreign countries reached $8.4 billion, up 10.2% during the same period.

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