Turkey’s stock of short-term external debt at $ 122.5 billion
Turkey’s short-term external debt stock stood at $ 122.5 billion at the end of February 2020, the country’s central bank revealed on April 17.
Turkey’s outstanding external debt – with a maturity of one year or less – rose 0.9% in February compared to late 2019, according to the Central Bank of Turkey (CBRT).
Official figures revealed that the currency breakdown of outstanding debt consisted of 48.8% US dollars, 29.6% euros, 14.1% Turkish lira and 7.5% other currencies.
Banks’ stock of short-term external debt rose 1.6 percent to $ 57.1 billion, and the stock of short-term external debt of other sectors rose 3.4 percent to 57.1 billion. $ 0 billion over the same period.
The remainder – some $ 8.4 billion – belonged to the CBRT.
“On the borrower side, short-term public sector debt, which is made up of public banks, rose 5.6% to $ 26.4 billion.
“And the private sector’s short-term debt fell 2.8 percent to $ 87.7 billion from the end of 2019,” the bank said.
The CBRT noted that banks’ short-term foreign exchange (FX) loans received from abroad fell 12.7% to $ 6.8 billion.
“Foreign currency deposits of non-residents (excluding banking sector) in resident banks decreased by 0.1% compared to the end of 2019, registering 21.1 billion dollars.
“And foreign currency deposits of non-resident banks recorded $ 13.7 billion, increasing 0.4%,” he said.
The bank also said Turkish lira deposits from non-residents jumped 13.4% to $ 15.5 billion in the same period.