Revisions to short-term external debt data

TURKEY - Report 19 Aug 2021 by Murat Ucer

The CBRT, as signaled earlier (link here), revised gross short-term external debt; net international investment position (NIIP), and corporate sector net F/X position data today. The key revision on the (gross) short-term external debt side concerns a reduction in trade (import) credits by around $25 billion, which helped to reduce Turkey’s short-term external debt by remaining days to maturity by about as much, to some $165 billion from around $190 billion. There are a few other changes as well, such as a slight upward revision to credit data (around $5 billion) and a downward revision to non-resident deposit data (also around $5 billion, which is now classified as longer term deposits), but these basically offset each other.

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