Iran’s Foreign Debt Shrinks by 27%

Iran’s Foreign Debt Shrinks by 27%

Iran’s foreign debts were reduced to $6.282 billion in the last Persian calendar year (ended on March 20), showing a 27.6 percent decrease compared to a year before.

In its latest report, the Central Bank of Iran (CBI) released the economic statistics related to the Persian calendar month of Esfand (February-March 2023) which contains the latest data and economic statistics in the monetary and banking sectors, balance of payments and the capital market.

According to the report, the foreign debts of the country at the end of the previous Iranian calendar year reached $6.282 billion, showing a 27.6 percent decline compared to a year earlier.

The report also pointed to the settlement of $2.393 billion of the foreign debts of the country in this period.

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