Iran’s foreign debt was $8.83 billion by end of the third quarter of the current fiscal year ending Dec. 21.
According to Central Bank of Iran data, the foreign debt was $518 million or 5.5% lower compared to the corresponding quarter last year.
Medium and long-term debt was $6.429 billion, accounting for more than 72% of the total. Despite decline in long-term debt, short-term debt increased to $2.4 billion, rising from $1.984 billion in Dec. 2020.
February 07, 2022 12:10
0
Iran’s Foreign Debt Down 5% to $8.8b
Most of Iran’s foreign borrowing in the past two years was for fighting the coronavirus pandemic. Tehran received $50 million from the World Bank to help the health sector cope with the fatal disease
You can also read ...
Add new comment