Iran’s foreign debt exceeds $6bln
Iran’s external debt stood at $6.111 billion at the end of the second quarter of the current Iranian calendar year (March 21 - September 22).
The country’s short-term debt was around $761 million in the mentioned period, while the medium-term and long-term debts were around $5.35 billion, the Central Bank of Iran (CBI) reported.
Iran imported $30.917 billion worth of goods in the first half of the current year, CBI said.
The country's exports also hit $48.728 billion in the six-month period.
External debt (or foreign debt) is that part of the total debt
in a country that is owed to creditors outside the country.
The debtors can be the government, corporations or private
sector.
The debt includes money owed to private commercial banks, other
governments, or international financial institutions such as the
International Monetary Fund (IMF) and the World Bank.
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