Short-Term External Debt Stock Decrease in September: 165.8 Billion Dollars

Decrease in Short-Term External Debt Stock

According to the data from the Central Bank of the Republic of Turkey (CBRT), a significant decline has been observed in the short-term external debt stock in September. The short-term external debt stock has decreased by 2.1 percent compared to the previous quarter, falling to 165.8 billion dollars.

Debt Stock by Short Term

Regardless of the original maturity, the total amount of debts with one year or less remaining until maturity has reached 224.8 billion dollars.

Credit and Deposit Data

The short-term credits utilized by domestic banks from abroad have decreased by 10.6 percent compared to the previous quarter, remaining at 9.4 billion dollars. Additionally, the deposits of foreign resident banks in Turkey have decreased by 2.2 percent, amounting to 19.5 billion dollars.

Foreign Currency Deposit Accounts and TL Deposits

The foreign currency deposit accounts of foreign residents excluding banks have increased by 0.3 percent, reaching 21 billion dollars; while TL-denominated deposits have risen by 2.5 percent to 23 billion dollars.

Impact of Other Sectors

The short-term external debt stock originating from other sectors has decreased by 1.7 percent compared to the previous quarter, falling to 65.2 billion dollars.