Turkiye’s Short-Term External Debt Reaches $180.1 Billion with Significant Increase in Bank Loans

Short-term foreign exchange loans of banks received from abroad up by 22.6% to $15.5B

Türkiye’s short-term external debt stock was at $180.1 billion at the end of April, up by 2.3% from the end of 2023, the Central Bank figures showed on Thursday.

Lenders’ short-term external debt stock rose by 8.1% to $74 billion and other sectors’ short-term external debt stock dropped by 1% to $60.6 billion, the bank stated.

Short-term foreign exchange loans of the banks received from abroad increased by 22.6% to $15.5 billion.

Foreign exchange deposits of non-residents except banking sector within residents banks recorded $19.3 billion, down by 3.7% compared to the end of 2023.

Meanwhile, foreign exchange deposits of non-resident banks recorded $21 billion, up 1.2% over the same period.

Trade credits, due to imports under other sectors, were at $54 billion reflecting a decrease of 0.5% compared to the end of last year.

Some 52.1% of the debt stock was in the US dollar, 21.1% in euro, 11.7% in Turkish lira and 15.1% in other currencies.

Source: aa

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