Iran’s foreign debt exceeds $5b: CBI

Tehran, April 5, IRNA – Iran’s external debt stood at $5.527 billion at the end of the third quarter of the last Iranian calendar year (ended March 21, 2015), the Central Bank of Iran (CBI) reported on Sunday.

Iran imported $8.289 billion worth of goods during the period, while the country’s exports also hit $45.511 billion during the same period, CBI added.

External debt (or 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.

By IRNA