Media Wire

Central Bank says Iran’s foreign debt shrank 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, according to a report by the Central Bank of Iran (CBI).

In its latest report, the 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.

IFP Media Wire

Reports and views published in the Media Wire section have been retrieved from other news agencies and websites, and do not necessarily reflect the opinion of the Iran Front Page (IFP) news website. The IFP may change the headlines of the reports in a bid to make them compatible with its own style of covering Iran News, and does not make any changes to the content. The source and URL of all reports and news stories are mentioned at the bottom of each article.

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