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SHORT-TERM DEBT AND LONG-TERM DEBT | 12 Months Ended
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Dec. 31, 2022
SHORT-TERM DEBT AND LONG-TERM DEBT |
SHORT-TERM DEBT AND LONG-TERM DEBT | NOTE 15 – SHORT-TERM DEBT AND LONG-TERM DEBT Loans and financing are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Ten/Thirty Year Bonds |  | 8,514,787 |  | 10,526,649
Other loans |  | 2,664,830 |  | 583,137
Total Loans and Financing |  | 11,179,617 |  | 11,109,786
Current |  | 2,492,262 |  | 234,537
Non-current |  | 8,687,355 |  | 10,875,249
​ | ​ | ​ | ​ | ​
Principal amount of loans and Financing |  | 11,029,354 |  | 10,952,983
Interest accrued of loans and Financing |  | 150,263 |  | 156,803
Total |  | 11,179,617 |  | 11,109,786
(*) Weighted average effective interest costs on December 31, 2022, which represents total of 6.34%. Loans and financing denominated in Brazilian reais are indexed to fixed rates or CDI (Interbank Deposit Certificate). Summary of loans and financing by currency: ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Brazilian Real (BRL) |  | 1,273,180 |  | 461,187
U.S. Dollar (USD) |  | 9,581,266 |  | 10,535,532
Other currencies |  | 325,171 |  | 113,067
​ |  | 11,179,617 |  | 11,109,786
​ The amortization schedules of long-term loans and financing are as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
2023 |  | — |  | 1,115,211
2024 |  | 809,098 |  | 878,044
2025 |  | 410,840 |  | 405,788
2026 |  | 10,410 |  | 3,117,768
2027 em diante |  | 7,457,007 |  | 5,358,438
​ |  | 8,687,355 |  | 10,875,249
​ a) Credit Lines In September 2022, the Company completed the renewal of the Global Credit Line in the total amount of US$ 875 million (equivalent to R$ 4,565 million as of December 31, 2022). The transaction aims to provide liquidity to operations in North America and Latin America, including Brazil. The companies Gerdau S.A., Gerdau Açominas S.A. and Gerdau Aços Longos S.A. provide guarantee for this transaction, which matures in September 2027. As of December 31, 2022, no amount of this credit line was used. The Company and its subsidiaries are not subject to default clauses (covenants) linked to financial ratios. Non-financial performance clauses have been complied with.

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