Foreign Debt Down 25%
EghtesadOnline: The Central Bank of Iran said Sunday foreign debt was near $6.40 billion by the end of the eleventh calendar month to February 22 -- $2.7 billion or 25% lower on fiscal March 2021-22.
The Central Bank of Iran said Sunday foreign debt was near $6.40 billion by the end of the eleventh calendar month to February 22 -- $2.7 billion or 25% lower on fiscal March 2021-22.
Medium and long-term debt was $4.6 billion or 72% of the total and short-term commitment close to $1.8 billion. Short-term debt includes all debt with original maturity of one year or less plus the interest on long-term debt.
The country has been unable to attract foreign investment as expected because of the four-decade US economic blockade, cumbersome laws, steep forex rate fluctuations and economic instability, among others.
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