Iran’s foreign debt was $8.14 billion on April 20, data released by the Central Bank of Iran (CBI) showed.
Iran’s external debt increased to $9.3 billion by the end of the ninth Iranian calendar month to Dec. 20, the Central Bank of Iran reported. The debt is 3.5% or $317 million higher compared to the beginning of the current fiscal year last March.
Iran managed to decrease the size of its foreign debt by around $300 million in a nine-month period ending in December last year, a new report shows.
Iran’s external debt declined to $8.67 billion by the end of third calendar month to June 21, data from the Central Bank of Iran shows.
Iran’s overseas debts have declined from $10.03 billion reported at the end of the fiscal third quarter (Dec. 21, 2018) to $9.3 billion by the end of the fourth quarter (March 20, 2019), indicating a 7% decline.
Although the figures show a downward move, experts believe it’s a not a good new per se as it could mean how small a country’s economy is or its inability to borrow from international lenders.
The World Bank says Iran’s foreign debts rose slightly in 2015 but were still significantly lower than 2011 when the country faced a series of US-led sanctions.