The Central Bank of Iran said Sunday foreign debt was near $6.42 billion by the end of the eighth calendar month to Nov 22 -- $2.64 billion lower on fiscal March 2021-22.
Medium and long-term debt was $4.67 billion or 75% of the total and short-term debt in the range of $1.74 billion. Short-term debt includes all debt with original maturity of one year or less plus the interest on long-term debt.
The country was unable to attract foreign investment because of the extended US economic blockade, cumbersome laws and economic instability, among others.
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