Publish Date: 4 November 2023 - 19:05

Tehran, IRNA – The Central Bank of Iran (CBI) says Iran managed to decrease the size of its foreign debt by $1.576 billion in the first four months of the current fiscal (March 21-July 22).

The Saturday report by the IRNA news agency cited data by the Central Bank of Iran (CBI) as showing that the total foreign debts stood at $5.597 billion on July 22, 2023, a decrease of 21.9 percent compared to last year’s corresponding period.

That comes as debts had reached $7.173 billion in July last year.

The country's foreign debt downed $375 million in July compared to the month before which was $5.97 billion.

The current actual foreign debts are comprised of $3.926 billion in mid-term debts and $1.671 billion in short-term ones, said the CBI.

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