Published On: Fri, Mar 15th, 2019

Based on Central Bank report Turkey’s short term debt amounts to US$ 177 billion




Based on Central Bank report Turkey’s short term debt amounts to US$ 177 billion

Based on the report issued by Central Bank, Turkey’s short-term external debt stock calculated using the external debt data (due in 1 year or less ignoring its original maturity) was USD 177.3 billion in January.

Central Bank of the Republic of Turkey (CBRT) announced short-term external debt statistics for the period January 2019. Accordingly, the short-term external debt stock went up to US$ 118 billion with an increase of 1.5 percent in January compared to the end of last year. In this period, short-term external debt stock from banks increased by 1.4 percent to USD 57.7 billion, while short-term external debt stock of other sectors increased by 1.7 percent to US$ 54.4 billion.

The short-term borrowings of banks from abroad decreased to USD 9.5 billion, by 13.4 percent compared to the end of 2018.  The foreign exchange deposit account of non-residents (not to include banks) increased by 0.8 percent to $ 19 billion, while deposits by foreign banks increased by 3.5 percent to $ 13.5 billion.

TL denominated deposits of non-residents increased by 11.8 percent compared to the end of last year and reached USD 15.7 billion. Import debts under other sectors increased by 0.6 percent compared to the end of 2018 and realized as US$ 40.1 billion.

Considering the borrower, it was observed that the public sector had a share of 19 percent in total while Central Bank and the private sector had shares of 3.3 percent and 77.7 percent respectively.





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