Iran痴 External Debt Declines After Rising In 1998-99
Iran痴 short, medium and long-term debt stock declined to$13.091bn on 21 June 1999 from $14.089bn on 20 March 1999, according tostatistics published by the Central Bank of Iran in its latest quarterlybulletin Economic Trends. The debt stock had been declining in recentyears, but with the steep fall in oil prices in 1998 and early 1999, Iran fellbehind with its debt repayments. Between 1376 (year to March...
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