VOL. XXXVI

NO. 21

22-FEBRUARY-1993

Financial and Banking News

BUDGETS AND REVENUES

Iran Begins to Pay off Foreign Debt

Iran's external debt stood at $30bn at the end of the last Iranian year, butthe government hopes to have repaid $5bn of this by the end of the present yearon 20 March, according to the country's Finance Minister, Mr. Mohsen Nourbakhsh.(Iranian years begin on 21 March.) In comments to the Islamic Republic NewsAgency (IRNA), Mr. Nourbakhsh said that the remaining debt would be paid...