Turkey: Short-term external debt stock reaches $114.3B

By Jeyhun Aliyev

ANKARA (AA) – Turkey's short-term external debt stock — debt that must be paid in the next 12 months — reached $114.3 billion in August, down 3.6 percent from the end of 2017, the Turkish Central Bank said on Wednesday.

Short-term external debt stock decreased 7.4 percent to $62.3 billion while other sectors’ short-term external debt stock fell by 0.4 percent to $50.6 billion during the same period, the bank said in a statement.

"From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 1.8 percent to $22.5 billion and the short-term debt of private sector decreased by 5.8 percent to $90.3 billion compared to the end of 2017," it said.

More than half of the country's short-term external debt stock was in dollars — 52.6 percent — followed by 33.2 percent in euros, 11.5 percent in Turkish liras, and 2.7 percent in other currencies.