Turkey’s short-term external debt declines in October

(MENAFN) Türkiye’s short-term external debt fell to $165.7 billion at the end of October, the Turkish Central Bank reported Thursday, down from $169.8 billion in September.

Within this total, the banking sector’s short-term external debt rose 0.8% to $73.4 billion, while short-term debt of other sectors decreased 0.7% to $64.7 billion. Short-term foreign exchange (FX) loans obtained by Turkish banks from abroad dropped 16.7% to $7.8 billion, and FX deposits of non-residents in resident banks fell 0.5% to $19.4 billion.

“FX deposits of non-residents (excluding banking sector) recorded $21.1 billion, increasing by 0.4%,” the central bank said. Additionally, non-residents’ Turkish lira deposits rose 9.2% to $25.1 billion.

Trade credit liabilities tied to foreign trade transactions fell 0.7% to $59.2 billion, while liabilities from cash loans decreased 1.1% to $5.5 billion.

The currency composition of Türkiye’s short-term external debt was 34.5% in US dollars, 26.8% in euros, 23% in Turkish liras, and 15.7% in other currencies.

On a remaining maturity basis — covering external debt due within one year — Türkiye’s short-term external debt totaled $226 billion at the end of October.

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