Iran’s external debt increased to $9.3 billion by the end of the ninth Iranian calendar month to Dec. 20, the Central Bank of Iran reported. The debt is 3.5% or $317 million higher compared to the beginning of the current fiscal year last March.
Medium and long-term debt rose slightly to $7.36 billion, accounting for more than 78% of the total. Short-term debt was $1.98 billion on Dec.20, rising from $1.53 billion in March 2020.
Increase in external debt could be partly explained by Tehran’s efforts to raise funds for fighting the Covid-19 pandemic in the first months of the plague.
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