No. 03



Irans External Debt Continues To Fall

Irans total debt stock on 22 September fell to $11.688bn ($3.365bn short term and $8.323bn medium and long term) from $13.091bn on 21 June, according to statistics published by the Central Bank of Iran in its latest quarterly bulletin, Economic Trends. The debt stock has been declining in recent years, but with the steep fall in oil prices in 1998 and early 1999, Iran fell behind with its debt repayments and debt...