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  • 11-11-21

    External debt of Iran drops 1.2 percent

    (MENAFN) According to the recent data published by the Central Bank of Iran (CBI) the nation’s external debt amounted at USD9.031 billion towards the end of the sixth Iranian calendar month of Shahrivar (September 22), less 1.2 percent from USD9.142 billion at the end of last year.

    The data demonstrated that from the overall foreign debt, USD6.574 billion was half-term and long-term debts whereas USD2.457 billion was short-term debts.

    Iran’s foreign debts amounted at USD8.84 billion towards the end of the fifth Iranian calendar month of Mordad (August 22), down 3.3 percent from USD9.142 billion by the end of last Iranian calendar year.

    Foreign debt is the section of a nation's debt that is loaned out from external lenders such as commercial banks, governments, or global financial associations. These debts, involving interest, must typically be paid in the money in which the loan was created.

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