Türkiye’s short-term exterior debt inventory was recorded at $174.9 billion on the finish of January, reducing by 0.2% from the top of 2023, the nation’s central financial institution mentioned Monday.
The short-term debt of banks elevated by 2.2% to $69.9 billion over the identical interval, whereas different sectors’ exterior debt decreased by 2.7% to $58.8 billion, the Central Bank of the Republic of Türkiye (CBRT) mentioned.
Short-term overseas trade loans of the banks obtained from overseas rose by 5% to $13.2 billion.
Meanwhile, overseas trade deposits of non-residents inside residents’ banks dropped by 2.3% to $19.5 billion.
Trade credit as a consequence of imports underneath different sectors recorded $51.7 billion, posting a lower of three.4%.
The central financial institution mentioned that as of the top of January, the forex breakdown of short-term exterior debt inventory consists of fifty.5% US {dollars}, 22.5% euro, 10.8% Turkish lira, and 16.2% different currencies.
The short-term exterior debt inventory on a remaining maturity foundation, calculated based mostly on exterior debt maturing inside one 12 months or much less of the unique maturity, was $225.4 billion, of which $19.6 billion belongs to the resident banks and personal sectors to the banks’ branches and associates overseas.
On the debtors’ aspect, the general public sector accounted for 21%, the CBRT for 20.5%, and the personal sector for 58.5% of the full inventory.
Source: www.dailysabah.com