Short-term external debt stock up in November

The country’s short-term external debt stock surged by 8.6% to USD 124.1bn in November 2021, as compared to the end of 2020, according to the Central Bank.

In this period, banks’ short-term external debt stock fell 6.7% to USD 53.5bn in the same period, while other sectors’ short-term external debt stock rose 25.4% to USD 44.5bn.

The trade credits due to imports under other sectors came in at USD 39.4bn, up 32.4% compared to the end of 2020.

Banks’ short-term FX loans received from abroad dropped 7.5% to USD 12.6bn.

As of the end of November, some 45.7% of the debt stock was in USDs, 25.4% in EUR, 9.6% in TRY, and the remaining 19.3% in other currencies.

“Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regarding of the original maturity, recorded USD 167.5bn,” the bank added.

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