Finance

Records continue in short-term external debt

As of the end of November, the short-term external debt stock increased by 19.6 percent to $145.4 billion. Foreign debt with less than one year to maturity was $189 billion.

According to the information of the Central Bank of the Republic of Turkey, the short-term external debt stock increased by 19.6 percent compared to the end of 2021 and reached 145.4 billion dollars.

In this period, the short-term external debt stock of banks increased by 18.1 percent to 60.7 billion dollars, while the short-term external debt stock of other departments increased by 18.5 percent to 52.3 billion dollars.

Short-term loans used by banks from abroad decreased by 4.8 percent compared to the end of 2021 and decreased to 10.5 billion dollars. Foreign currency deposits of non-residents excluding banks increased by 25.7 percent to $19.2 billion, while deposits of non-resident banks increased by 22.1 percent to $19.1 billion.

Compared to the remaining maturity calculated using external debt data with a maturity of 1 year or less, the short-term external debt stock amounted to $189 billion.