Short-term external debt stock at $126B in July
Turkey’s short-term external debt stock totaled $126 billion as of the end of July, official data revealed on September 19. The country’s external debt stock - maturing within one year or less - soared by 7.9 percent in July compared to the end of 2018, according to the Central Bank of the Republic of Turkey (CBRT). Official data showed that the currency breakdown of the debt stock was composed of 51.2 percent USD, 30.1 percent euros, 13.2 percent liras and 5.5 percent other currencies. Banks’ short-term external debt stock posted an increase of 3.6 percent to $59.2
billion and other sectors’ short-term external debt stock rose by 12.2 percent to $60.3 billion over the same period. The rest of the amount - some $6.5 billion - belonged to the CBRT. “From the borrowers’ side, the short-term debt of the public sector, which consists of public banks, increased by 4.9 percent to $23.6 billion.