Türkiye's short-term foreign debt hits $139.5B in September
External debt due to be paid over next 12 months up 14.7% from end-2021
AA  Thursday 11:56, 17 November 2022
File photo

File photo

Türkiye's short-term foreign debt stock amounted to $139.5 billion as of the end of September, according to official data released on Thursday.

The external debt due to be paid over the next 12 months hiked 14.7% from the end-2021, a Turkish Central Bank statement said.

In this period, lenders' short-term external debt stock grew 9.6% to $56.3 billion, while other sectors' short-term external debt stock went up 16.1% to $51.2 billion.

The trade credits due to imports under other sectors totaled at $46 billion in September, a rise of 18.4% from the end of last year.

"The short-term debt of public sector, which consists of public banks, increased by 17.2% to $26 billion and the short-term debt of private sector increased by 11.2% to $81.5 billion compared to the end of 2021," it added.

As of the end of September, some 46.7% of the debt stock was in US dollars, 25.2% in euros, 8.8% in Turkish liras, and the remaining 19.3% in other currencies.

#foreign debt
#Turkish Central Bank
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