BAKU, Azerbaijan, April 3. Iran's external debt decreased by 21.8 percent by the end of the 10th month of the last Iranian year (January 20, 2024) compared to the end of the same month of the previous year (January 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, Iran's foreign debt amounted to about $5.08 billion at the end of the 10th month of last year. However, at the end of the same month of the previous year, the country's external debt was about $6.5 billion.
The information indicates that about $2.19 billion of Iran's short-term debts and more than $2.89 billion are long-term.
Statistics show that Iran's external debt is 4.66 billion euros. Of which, 2 billion euros are short-term debts and 2.66 billion euros are long-term debts.
To note, Iran prefers not to take out external loans to develop its economy. The country is interested in developing large projects at the expense of investors.
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