Iran's fereign debts hit $7.4B
Iran’s foreign debts reached $7.476 billion by March 21, the
Central Bank of the country said.
The short-term foreign debts were counted at $2.019 million,
meanwhile the long-term debts stood at $5.456 billion.
Iran's foreign debt has been on the decline since 2007. From that
year to March 2015, the country’s foreign debt lowered from $28.647
billion to $5.108 billion.
The country’s foreign debts stood at $19.185 billion in 2012,
$7.682 billion in 2013 and $6.655 in 2014, according to the Central
Bank of Iran.
The 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.
The central bank of Iran also put the worth of foreign assets in
Iranian banks and credit institutions at $150.7 billion (based on
official rate of 30,589 rials per each USD) by the end of last
fiscal year (March 21).
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