Business And Markets

Iran External Debt Shrinks to $8.6b

Iran External Debt Shrinks to $8.6bIran External Debt Shrinks to $8.6b

Iran’s external debt declined to $8.67 billion by the end of third calendar month to June 21, data from the Central Bank of Iran shows. 
The data, published on the CBI website, indicates a 7% decline in foreign debt compared to $9.33 billion reported at the end of last the fiscal year (March 19, 2019). 
Medium and long-term debt stood at $6.96 billion, accounting for 60% of total foreign financial commitments in the period. The debts were to the tune of $7.18 billion by the end of last fiscal year. 


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