Iran’s foreign debts down $1.4 billion

The Central Bank of Iran has said that the country’s foreign debts stood at $5.233 billion in the eleven months to February 20, 2015, registering a decrease of over $1.42 billion compared with March 2014.

According to the Central Bank, Iran’s short-term foreign debts are somewhere in the neighborhood of $480 million and its long-term external debts stand at around $4.75 billion.

Iran’s foreign debt followed a downward trend from 2007 to 2013, falling from $28.647 billion to $6.655 billion.