Ankara: Trkiye's short-term external debt stock fell to $165.8 billion at the end of September, the Turkish Central Bank announced. The figure represents a 2.1% decrease from August's $169.8 billion.

According to Anadolu Agency, the banking sector's short-term external debt declined by 1.2% to $72.8 billion, while other sectors experienced a 1.7% drop to $65.2 billion during the same period. Furthermore, short-term foreign exchange loans that Turkish banks obtained from abroad saw a decrease of 10.6%, falling to $9.4 billion. Meanwhile, the foreign exchange deposits of non-residents held in resident banks decreased by 2.2%, totaling $19.5 billion.

The Central Bank reported, "FX deposits of non-residents (excluding the banking sector) recorded $21 billion, increasing by 0.3%." Additionally, non-residents' Turkish lira deposits rose by 2.5% to reach $23 billion. Trade credit liabilities linked to foreign trade transactions saw a decline of 2.8%, standing at $59.6 billion, whereas liabilities stemming from cash loans increased by 11.6% to $5.5 billion.

The currency composition of the debt stock was divided into 35.5% US dollars, 26.7% euros, 22.1% Turkish liras, and 15.7% other currencies. On a remaining maturity basis-which includes external debt due within one year-Trkiye's short-term external debt stock amounted to $224.8 billion at the end of September.