Vol. XL

No. 1



Iran's Foreign Debt Declines To $20.4Bn

Iran's external debt on 20 September (the end of the first half of the current Iranian year 1375, which started on 20 March 1996) stood at $20,369mn, down $1,559mn from the beginning of 1375, according to figures published by the Central Bank of Iran. Short-term debt totaled $5,679mn and medium and long-term debt totaled $14,690mn. Iran has other external obligations of $13,331mn, which include opened letters of credit not...