Turkey's short-term external debt stock at $120.6B

Turkey's short-term external debt stock -- debt that must be paid in the next 12 months -- reached $120.6 billion in July, up 2.1 percent from the end of 2017, the Turkish Central Bank reported on Thursday.

Short-term external debt stock decreased 0.8 percent to $66.7 billion while other sectors’ short-term external debt stock rose by 5.9 percent to $53.8 billion during the same period, the bank said in a statement.

"From the borrowers side, the short-term debt of public sector, which mainly composed of public banks, increased by 11 percent to $24.6 billion and the short-term debt of private sector $95.9 billion compared to the end of 2017," it said.

More than half of the country's short-term external debt stock was in dollars -- 51.4 percent -- followed by 32.1 percent in euros, 13.7 percent in Turkish liras, and 2.8 percent in other currencies.