BAKU, Azerbaijan, August 12. Iran's external debt decreased by 26.9 percent by the end of the third month of the current Iranian year (June 20, 2024) compared to the end of the same month of last year (June 21, 2023), Trend reports via the statistics of Iran's Central Bank.
The statistics indicate that this figure equaled $4.99 billion in the reporting period, compared to $5.97 billion at the end of the same month last year.
Of this amount, $2 billion was short-term and $2.36 billion was long-term.
The statistics also indicate that, including the euro, Iran's external debt was 4.06 billion euros, of which 2.04 billion euros were short-term and 2.2 billion euros were long-term.
To note, Iran prefers not to take out external loans for the development of its economy. The country is interested in developing large projects at the expense of investors.
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