Türkiye’s short-term external debt stock rose by $25 million in August from the previous month, to $176.6 billion, according to the Central Bank of the Republic of Türkiye (CBRT). The increase was small in dollar terms, but the composition of the stock shifted in several places.
Bank borrowing falls
Bank-sourced short-term external debt stood at $76.3 billion, down 1.6 percent month on month. Short-term loans and securities liabilities of domestic banks from abroad came to $9.2 billion, a fall of 3 percent. Deposits of foreign banks in Türkiye were $19.7 billion, little changed at minus 0.1 percent.
Non-bank deposits rose 1.7 percent to $22 billion. Total lira-denominated deposit liabilities fell 4.8 percent to $25.3 billion, the data show.
Other sectors and currency mix
Short-term external debt from other sectors was $74.6 billion, up 0.1 percent. Trade-related commercial credit liabilities declined 0.8 percent to $64.5 billion. Cash-credit-related liabilities rose 6.6 percent to $10 billion.
By currency, the US dollar accounted for 34 percent of the stock, the euro for 27.1 percent, and the Turkish lira for 25.6 percent. Other currencies made up the remaining 13.3 percent.
Remaining maturity view
Measured by remaining maturity, short-term external debt, meaning debts due within one year, stood at $243.3 billion. Deposit liabilities by remaining maturity fell to $67 billion, while credit and securities liabilities came to $75.1 billion.
