Short Term External Debt Statistics

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The Short-term External Debt Statistics, which are issued on a monthly basis, are primarily compiled from these resources:

  • Banks’ monthly foreign exchange stock reports
  • Private sector’s external debt monitoring system
  • Direct reporting data from TURKSTAT for trade credits
  • CBRT’s monthly foreign exchange reports

Data are available as time series in EVDS. Click here for access.

Data have been revised with the publication on 19 August 2021.

Detailed technical information on the revisions can be accessed from the Research Notes in Economics and CBRT Blog pages.

Short-Term External Debt Statistics Developments - February 2022

  • Short-term external debt stock recorded USD 130.5 billion at the end of February, indicating an increase of 8.5 percent compared to the end of 2021. Specifically, in this period, banks’ short-term external debt stock increased by 6.2 percent to USD 54.7 billion and other sectors’ short-term external debt stock increased by 7.6 percent to USD 46.0 billion.
  • Short-term FX loans of the banks received from abroad increased by 1.6 percent to USD 11.4 billion. FX deposits of non-residents (except banking sector) within residents banks amounted to USD 15.3 billion, showing no significant change, and FX deposits of non-resident banks recorded USD 16.1 billion increasing by 3.2 percent. In addition, non-residents’ Turkish lira deposits increased by 26.6 percent and recorded USD 12.0 billion.
  • Trade credits due to imports under other sectors recorded USD 40.6 billion reflecting an increase of 8.5 percent compared to the end of 2021.
  • From the borrowers side, the short-term debt of public sector, which consists of public banks, increased by 4.9 percent to USD 23.4 billion and the short-term debt of private sector increased by 7.4 percent to USD 77.3 billion compared to the end of 2021.
  • From the creditors side, short-term debt to monetary institutions under private creditors item increased by 10.6 percent to USD 70.3 billion and short-term debt to non-monetary institutions increased by 6.1 percent to USD 59.7 billion. Short-term bond issues amounted to 473 million as of the end of February increasing from USD 460 million observed at the end of 2021. In the same period, short-term debt to official creditors recorded USD 56 million.
  • As of end of February, the currency breakdown of short-term external debt stock composed of 44.1 percent US dollars, 25.3 percent euro, 10.2 percent Turkish lira and 20.4 percent 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 176.4 billion, of which USD 18.3 billion belongs to the resident banks and private sectors to the banks’ branches and affiliates abroad. From the borrowers side, public sector accounted for 19.1 percent, Central Bank accounted for 16.9 percent and private sector accounted 64.0 percent in total stock.

 

Data - February 2022

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