Turkey's Short-Term External Debt Has Reached a Record Level

Historical Peak in Short-Term External Debt

The Central Bank of the Republic of Turkey (CBRT) announced that the country's short-term external debt (STED) stock has reached its highest level according to August 2023 data. This data indicates that Turkey's total STED stock is recorded as 169.8 billion dollars as of August 2025.

Changes in STED Stock

As of August, the STED stock showed a 0.7% decrease compared to the previous month, but this level is the highest reached since November 2024. The total amount of debts with a remaining maturity of 1 year or less, regardless of their original maturity, is recorded as 226.5 billion dollars.

Role of Banks

The short-term external debt stock sourced from banks increased by 0.9% compared to the previous month, reaching 75.3 billion dollars. On the other hand, the Central Bank's liabilities decreased by 4.6%, falling to 27.5 billion dollars.

Increase in Short-Term Loans

The short-term loans provided by domestic banks from abroad were determined to be 11.8 billion dollars, reflecting an 18% increase. The deposits of foreign resident banks in Turkey reached 19.8 billion dollars, increasing by 1.5%.

Currency Composition

When examining the currency composition of the STED stock, it consists of 35.4% dollars, 27.3% euros, 22% Turkish lira, and 15.3% from other currencies.

Conclusion

These data provide important insights into Turkey's financial situation. Careful monitoring of STED developments is critical for maintaining financial stability.