Turkey’s short-term external debt declines in October
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.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
