Turkey's short-term external debt stock increased from USD 125.4bn at end-October from USD 129.4bn at end-November, data of the Central Bank showed on Monday. Turkey's short-term external debt stock was USD 100.6bn at end-2012 and USD 125.1bn at end-Q3. Banks' short-term external debt stock increased by 33% since the end of 2012 to USD 90.6bn at end-Nov while lenders' external debt increased by 4% m/m compared to USD 87.5bn at end-October. Other sectors' short-term external debt stock rose by 21% since the end-2012 to USD 37.95bn at end-Nov and their debt increased by 2% m/m from USD 37bn at end-Sep. Short-term FX loans of banks received from abroad were up 43% compared to USD 29.2bn at end-2012, reaching USD 41.7bn , the Central Bank said. Short-term FX loans of banks stood at USD 39.1bn at end-Sep. Short-term debt of public sector, wholly composed of public banks, increased by 56% to USD 17.2bn compared end-2012, while short-term debt of private sector reached to USD 111.4bn , indicating a 26% increase since the end of 2012. Short-term external debt stock on a remaining maturity basis, calculated based on the external debt maturing within 1 year or less regardless of the original maturity, stood at USD 168bn at end-Nov, down from USD 164.7bn at end-Oct and USD 163.7bn at the end of September, the Central Bank said.
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