Foreign Debt Down 25%

EghtesadOnline: The Central Bank of Iran said Sunday foreign debt was near $6.40 billion by the end of the eleventh calendar month to February 22 -- $2.7 billion or 25% lower on fiscal March 2021-22.

News ID: ۷۵۲۴۶۶

01 May 2023

The Central Bank of Iran said Sunday foreign debt was near $6.40 billion by the end of the eleventh calendar month to February 22 -- $2.7 billion or 25% lower on fiscal March 2021-22.

Medium and long-term debt was $4.6 billion or 72% of the total and short-term commitment close to $1.8 billion. Short-term debt includes all debt with original maturity of one year or less plus the interest on long-term debt.

The country has been unable to attract foreign investment as expected because of the four-decade US economic blockade, cumbersome laws, steep forex rate fluctuations and economic instability, among others.