Iran’s foreign debt drops to $10.03 billion

Financial Tribune – According to central bank data, Iran’s foreign debt was $10.03 billion by the end of first nine months of the current fiscal on December 21.

The Central Bank of Iran website reported that long and medium-term debt accounted for over two-third of the foreign debt at $6.8 billion by the end of third quarter. Short-term debt amounted to $3.1 billion during the period or 31% of the total foreign debt.

This is while the total external debt by the end of the first month of the current fiscal (April 20) was $11.3 billion, meaning that Iran’s debt registered over 12% reduction since then.