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The CBI said on Sunday that aggregate foreign debts stood at $8.816 billion on May 21. 2019. down from $9.339 billion at the end of last Iranian calendar year on March 20.
It said long-term debts fell to $6.969 billion and short term debts were down at $1.708 billion. according to figures published.
The report did not elaborate on the current status of Iran’s foreign reserves.
Washington’s unilateral sanctions against Tehran began in November 2018. five months after US President Donald Trump withdrew from an international deal on Iran’s nuclear program.
Claiming that the bans were working properly. Trump tightened them in May. only to see that Iran was finding new solutions to recoup the losses.
Since early in July. Iran’s national currency rial has regained some of its lost value. currently trading at 116.000 against the US dollar. and significantly up from historic lows of 190.000 in September 2018.
Inflation for staples. medicine and basic goods declined in August. according to the SCI’s Saturday statement. with 56.6 and 35.2 percent for food and non-food items. respectively.
Last month. Iranian First Vice-President Eshaq Jahangiri underscored that the measures and plots hatched by Washington to lead Iran`s economy into collapse have all failed.
`We have been able to defeat the US plots with the strategy of resistance.` Jahangiri said. addressing a ceremony in the Northern city of Noshahr.
