Iran’s foreign liabilities hit $19.8B
Tehran, Iran, October 31
By Mehdi Sepahvand -- Trend:
A recent report says Iran's foreign liabilities hit $19.8 billion as of June 21.
72.4 percent of that amount was potential liabilities while 27.6 percent was actual liabilities (debts), Ravand magazine published by the Central Bank of Iran reported October 31.
Accordingly, payments balance for transaction account surplus for the three months leading to the said date dropped by 45.1 percent compared to the same period of the preceding year to reach $3.9 billion.
It is said that the global oil price plunge-down played a major role in that.
On the other hand, the capital and financial accounts debt reduced by 58.4 percent to reach $3.3 billion.
As a result of the country's foreign transactions, the country's reserve asset value was lowered by about $647 million.
In the said period, export FOB value dropped by 28.4 percent compared to the same period the preceding years to reach $17.7 billion.
The import FOB also dropped by 17.3 percent to reach $12.9. A 39.3 percent reduction in oil export counts for the reduction in Iran's goods export.
The total foreign liabilities of Iran in the end of the said period reached $19.8 billion
The share of long-term debt out of the entire foreign debts on March 20 was about 91.7 percent. Therefore, the foreign side of economy was about stable.