Turkey's short-term external debt climbs to $177.1 billion in July

According to Central Bank figures released on Sept. 17, Turkey's short-term external debt stock increased by 3.8% from June, reaching $177.1 billion at July's end. When measured on a remaining-maturity basis—capturing all external obligations due within a year—the total rose to $248.1 billion. Banks saw their short-term external debt climb 4.3% to $77.8 billion, while their overseas loan and securities liabilities jumped 23.5% to $9.8 billion.

Deposits from foreign banks grew 7% to $19.8 billion, and non-resident non-bank customers' foreign-currency deposits rose 1.1% to $21.6 billion, offset by a 0.5% decline in lira-denominated liabilities. The other sectors' short-term debt rose 3.6% to $74.7 billion, driven by a 2.4% rise in trade credit and a 13.1% increase in cash loans. Currency composition showed the dollar at 34.3%, the euro at 26.5%, the lira at 26%, and other currencies making up the remaining 13.2%.