Turkey’s short-term external debt stock fell by 3% y/y to $127bn at end-June, the central bank said on August 14.
The debt stock stood at $128.2bn at end-April and at $129.6bn at end-March.
The short-term debt of public sector, which wholly composed of public banks, declined by 7% to $16.9bn at end-Q2 and the short-term debt of private sector fell by 2% to $112.8bn at end-June, said the central bank, noting that the short-term external debt stock was composed of 54% US dollars, 30% Euro and 13% Turkish Lira.
The bank said that the short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regardless of the original maturity, was $168.3bn as of end-June.
|Turkey's Short-term External Debt Stock|
|DEPOSITS WITH CBRT||833||762||661||417||342||290||270|
|DUE TO IMPORTS||27,828||25,490||26,930||27,097||27,744||25,565||27,261|
Turkey's President Recep Tayyip Erdogan said on October 13 that he plans to hold talks with both public and private lenders on how to lower interest rates. He did not say, however, when those ... more
Turkish President Recep Tayyip Erdogan has turned his fire on the US ambassador to Turkey for the ... more
The Central Bank of Iran (CBI) and the Turkey-based ECO Trade and Development Bank (ETDB) have signed a memorandum on strengthening bilateral ties, the CBI said on October 10. ETDB is a Eurasian ... more