Turkey's short-term external debt rises slightly to $176.6 billion in August

Central-bank figures published on Oct. 19 indicate Turkey's short-term external debt stock was $176.6 billion at the close of August, a modest $25 million rise from July. On a remaining-maturity basis, debt due within the next year totaled $243.3 billion. Bank-sector short-term external debt declined 1.6 percent to $76.3 billion, whereas other sectors saw a slight increase to $74.6 billion.

Foreign-currency loans to banks from abroad dropped 3 percent to $9.2 billion, and non-resident bank deposits in resident banks fell 0.1 percent to $19.7 billion. The U.S. dollar comprised 34 percent of the short-term external debt, followed by the euro at 27.1 percent and the Turkish lira at 25.6 percent.