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Iran’s foreign debt falls in 2014

Business Materials 25 December 2015 20:29 (UTC +04:00)

Tehran, Iran, December 25

By Mehdi Sepahvand - Trend:

Iran's foreign debt fell by $1.5 billion in 2014 to reach $5.495 billion, a new report by the World Bank said.

The report which gives statistics about countries' debts from 2000 to 2014 shows that Iran's foreign debt was $7.6 billion in 2013.

Iran's long-term foreign debt, in the meantime, was $4.025 billion in 2013, according to the report.

Iran paid $33 billion as interest expense in 2014, the same as in 2013, the report said.

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