Iran’s foreign debts go under $10b – official

Baku, Azerbaijan, June 11 By Khalid Kazimov – Trend: An Iranian official has estimated that the country’s foreign debts stand bellow $10 billion. Hossein Qazavi, a deputy economy minister, has said that the country’s gross domestic product (GDP) has reached $400 billion, Ibena (Iranian banks and economy news agency) reported. According to World Bank Iran’s GDP growth is estimated to stand at 4 percent in 2017. According to the official the country’s foreign trade over the last fiscal year (starting March 20) valued at $170 billion. However the Central Bank of Iran earlier in March reported that the country’s foreign debts reached $7.573 billion by Jan. 20, indicating a fall by $267 million compared to the end of previous Iranian month (Dec. 21, 2016).