Iran's foreign debts hit $5.5B
Baku, Azerbaijan, March 14
By Fatih Karimov - Trend:
Iran's foreign debts reached $5.552 billion by Jan. 21, the Central Bank of the country said.
The short-term foreign debts were counted at $351 million, meanwhile the long-term debts stood at $5.201 billion.
Iran's foreign debt has been on the decline since 2007. From that year to March 2015, the country's foreign debt lowered from $28.647 billion to $5.108 billion.
The country's foreign debts stood at $19.185 billion in 2012, $7.682 billion in 2013 and $6.655 in 2014, according to the Central Bank of Iran.
The foreign debt is that part of the total debt in a country that is owed to creditors outside the country. The debtors can be the government, corporations or private sector. The debt includes money owed to private commercial banks, other governments, or international financial institutions such as the International Monetary Fund (IMF) and the World Bank.
The central bank of Iran also put the worth of foreign assets in Iranian banks and credit institutions at $72 million (based on official rate of 30,220 rials per each USD).
The figure indicates a rise by 14 percent while compared with the end of last fiscal year (March 2015).