NO. 8


Financial and Banking News

Budget & Revenues

Iran's Medium-Term Debt Estimated At $27Bn

Iran has a total of $27bn in debt or "overseas financialcommitments" up to 1996 and is now $7bn in arrears (including usancecredit, short-term loans and costs of goods and services), according to Mr.Mohammad Reza Bahonar, a member of the Economy and Finance Commitee of theMajlis (Iranian parliament). In an interview with the Tehran Times, Mr. Bahonarsaid that a major...