The short-term foreign debt stock hit the lowest level in 33 months at the end of 2015, falling to $115.6 billion, according to the Short-Term Foreign Debt Statistics for December announced by the Central Bank of the Republic of Turkey (CBRT). When compared to the end of the previous year, there was a 12.3 percent decrease - the lowest level since March 2013. In this period, the short-term foreign debt stock of banks decreased to $78 billion, a 17.7 percent drop, while the short-term foreign debt stock of other sectors increased 2.2 percent to $37.4 billion.
The short-term loans acquired by banks from foreign resources decreased 52.6 percent to $22.8 billion when compared to the end of 2014. Foreign exchange deposits held by citizens residing abroad increased 16 percent to $15.2 billion. Bank deposits also surged 18.3 percent to $23.7 billion while Turkish lira deposits held by Turkish citizens residing abroad (remittances) increased 20.7 percent to $16.2 billion when compared to the end of 2014.
Export debts included in the other sectors category increased 6.2 percent to $29.5 billion when compared to the end of 2014.