No. 17



Irans External Debt Falls To $8Bn At End-2000

Irans total external debt by 21 December 2000 (the end of the third quarter of the Iranian year 1379) fell to $8.075bn from $8.849bn in the second quarter, according to statistics published by the Central Bank of Iran (CBI) in its latest quarterly bulletin Economic Trends. The decline in debt coincides with higher oil revenues following the strengthening of oil prices since April 1999. The debt at the end of the...