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Central Bank sees decline in Iran’s foreign debts

Finance Materials 30 March 2023 10:49 (UTC +04:00)
Central Bank sees decline in Iran’s foreign debts
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, March 30. Iran's foreign debts decreased by 25.1 percent at the end of the 10th month of the last Iranian year (January 20, 2023), compared to the end of the 12th month of the preceding Iranian year (March 20, 2022), Trend reports via the statistics of the Central Bank of Iran (CBI).

Iran's foreign debts amounted to approximately $6.5 billion at the end of the 10th month of the current Iranian year, while at the end of the last Iranian year (March 20, 2022), Iran’s foreign debts amounted to $8.67 billion.

According to the statistics, Iran's short-term debts stand at about $1.77 billion, while the long-term - at about $4.72 billion at the end of the 10th month.

In euros, Iran's foreign debt amounted to approximately 6 billion euros at the end of the 10th month. Of that, about 1.64 billion euros are short-term debts, while 4.36 billion euros are long-term debts.

Meanwhile, the country’s foreign debts amounted to $6.4 billion at the end of the 9th month of the last Iranian year (December 21, 2022). Of this, $1.72 billion accounted for short-term and about $4.68 billion for long-term debts.

In euros, the figure amounted to approximately 6.02 billion euros. Of that, 1.62 billion euros were short-term, and 4.4 billion euros were long-term debts.

The Iranian government considers the reduction of foreign debt to be effective for the country's economy. Iran is considered the country with the least foreign debt among the Middle East and Central Asia countries.

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