Türkiye’s short-term exterior debt inventory stood at $180.5 billion (TL 6.09 trillion) as of June, up by 2.5% in comparison with the tip of 2023, the official information launched on Monday confirmed.
Banks’ short-term exterior debt inventory elevated by 10.2% to $75.4 billion and different sectors’ short-term exterior debt inventory decreased by 1.6% to $60.4 billion, the Central Bank of the Republic of Türkiye (CBRT) mentioned.
Short-term overseas alternate (FX) loans of the banks obtained from overseas elevated by 38.7% to $17.5 billion, whereas FX deposits of nonresidents inside residents’ banks decreased by 5.8% compared to the tip of 2023 recording $18.8 billion, and FX deposits of non-resident banks recorded $19.7 billion lowering by 4.9%.
Trade credit as a result of imports underneath different sectors recorded $53.2 billion marking a lower of 1.9% versus the tip of 2023.
As of the tip of June, the foreign money breakdown of short-term exterior debt inventory composed of 49.5% U.S. {dollars}, 21.5% euro, 13.4% Turkish lira and 15.6% different currencies.
Short-term exterior debt inventory on a remaining maturity foundation, calculated based mostly on the exterior debt maturing inside one yr or much less concerning the unique maturity, recorded $236.6 billion, of which $20.9 billion belongs to the resident banks and personal sectors to the banks’ branches and associates overseas.
Source: www.dailysabah.com