External debt declines 3.4 percent to $9 billion

Financial Tribune – Iran’s foreign debt was $9.031 billion at the end of last fiscal year that ended in March, dropping slightly from $9.339 billion at the end of fiscal 2018-19 to register 3.4% decline.

Medium and long-term debt amounted to $7.49 billion by March 19, or 82% of the total. Short-term debt stood at $1.53 billion during the period, according to a Central Bank of Iran report released on its website.

Total external debt was at a record high of $12.72 billion in January of 2004 and a record low of $1.2 billion in January 2014. External debt was 2.04 % of GDP in January 2020, according to the macroeconomic statistics website Trading Economics.