In December, the short-term external debt stock increased by 0.4 percent compared to the previous month, reaching $172.3 billion. The Central Bank of the Republic of Turkey (CBRT) announced the short-term external debt statistics for December 2024 period. Accordingly, the short-term external debt stock increased by 0.4 percent in December compared to the previous month, totaling $172.3 billion. The remaining maturity-based short-term external debt stock, which shows debts with a maturity of 1 year or less, also reached $221.3 billion. During this period, the short-term external debt stock originating from banks decreased by 0.7 percent compared to the previous month, amounting to $74.3 billion, while the obligations originating from the Central Bank decreased by 3.8 percent to $34.8 billion. Short-term loans taken by banks from abroad decreased by 1.6 percent to $16.8 billion compared to the previous month. Foreign resident banks’ deposits in the domestic market decreased by 0.4 percent to $18.7 billion. Foreign residents’ foreign currency deposits decreased by 0.4 percent to $18.6 billion, while their deposits in Turkish Lira decreased by 0.5 percent to $20.2 billion. The short-term external debt stock originating from other sectors increased by 4.2 percent compared to the previous month, reaching $63.2 billion. Commercial credits resulting from foreign trade transactions increased by 5.1 percent to $59.4 billion, while liabilities arising from cash credits decreased by 7.4 percent to $3.8 billion. Examining the currency composition, 48.3 percent of the short-term external debt stock was in dollars, 19.6 percent in euros, 16.4 percent in Turkish Lira, and 15.7 percent in other currencies. As of December, the total obligations of the Central Bank and the general government decreased compared to 2023 in terms of remaining maturity-based short-term external debt stock, while the obligations of banks and other sectors increased.