ISTANBUL

Türkiye's short-term external debt was down to $169.8 billion at the end of August, the Turkish Central Bank said on Friday.

The figure decreased 0.8% from the previous month's $171.1 billion, the data showed.

The banks’ short-term external debt increased 0.9% to $75.3 billion in August, while the short-term external debt of other sectors dropped 0.9% to $67 billion over the same period.

The short-term foreign exchange (FX) loans Turkish banks took from abroad climbed 18% to $11.8 billion, and foreign exchange deposits of non-residents in resident banks rose 1.5% to $19.8 billion.

"FX deposits of non-residents (excluding banking sector) recorded $20.8 billion decreasing by 0.6%," the Central Bank said in a statement.

"In addition, non-residents’ Turkish lira deposits decreased by 5.4% and recorded $22.8 billion."

The trade credit liabilities linked to foreign trade transactions fell 1.1% to $61.7 billion in August, while liabilities arising from cash loans rose 1.4% to $5.3 billion.

The currency breakdown of the debt stock was 35.4% in US dollars, 27.3% in euros, 22% in Turkish liras, and 15.3% in other currencies.

On a remaining maturity basis, including external debt within one year, Türkiye’s short-term external debt stock at the end of August totaled $226.5 billion.