BAKU, Azerbaijan, December 2. Iran's foreign debts fell by 20 percent at the end of the 5th month of the current Iranian year (August 22, 2023), compared to the same period the previous year (August 22, 2022), Trend reports.
Data from Iran’s Central Bank shows that the country's foreign debts amounted to approximately $5.73 billion at the end of the fifth month of this year.
Meanwhile, the figure stood at $7.16 billion at the end of the 5th month of the last Iranian year (July 22, 2022).
Iran's short-term debts amounted to $1.95 billion, while its long-term debts were around $3.78 billion at the end of the fifth month.
In euros, Iran's foreign debt amounted to approximately 5.26 billion euros at the end of the 5th month. Of that, 1.79 billion euros were short-term debts, while 3.47 billion euros were long-term debts.
The Iranian government considers the reduction of foreign debt to be effective for the country's economy. Iran is considered the country with the least foreign debt among the Middle East and Central Asia countries.
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