The latest report published by the Central Bank of Iran (CBI) puts the country’s foreign debt at $8.655 billion at the end of the first quarter of the current Iranian calendar year (June 20), down 4.16 percent from $9.031 billion at the end of the previous year, IRNA reported.
From the total foreign debt, $7.163 billion was mid-term and long-term debts while $1.492 billion was short-term debts, the report confirmed
External debt is the portion of a country's debt that is borrowed from foreign lenders including commercial banks, governments, or international financial institutions. These loans, including interest, must usually be paid in the currency in which the loan was made.
Foreign debt as a percentage of Gross Domestic Product (GDP) is the ratio between the debt a country owes to non-resident creditors and its nominal GDP.
Iranian banking system has paid 2.247 quadrillion rials (about $53.5 billion) of facilities to domestic economic sectors during the first quarter of the current Iranian calendar year (March 20-June 20), which was 50.5 percent more than the figure of the first quarter of the previous year.
The Central Bank of Iran (CBI) on Tuesday held the ninth round of its weekly government bond auctions through which it sold 44 trillion rials (about $1.04 billion) of bonds to banks and financial institutions, IRNA reported.
The data released by the Statistical Center of Iran (SCI) show that transportation had the biggest increase in the expenditure basket of Iranian households in the previous Iranian calendar month of Tir (June 21-July 21) compared to the same month last year.
Iran’s Trade Promotion Organization (TPO) will hold the third meeting of its Commodity-Country Desk on trade with Iraq next week, Farzad Piltan, the director-general of TPO’s Office of Arabian and African Countries, announced.
Head of Iran’s Trade Promotion Organization (TPO) has emphasized the positive effect of incentive packages for encouraging exporters to return their export revenues into the country’s economic cycle, TPO portal reported.
Major currencies on Thursday hit the highest rates since September 2018 with the dollar traded at 180,000 rials in Tehran’s open market.