(MENAFN) Iran's foreign trade debt dropped to USD544 million during the March 21-September 22 period from USD6.65 billion logged in the beginning of the year, Tehran Times reported.
The country's foreign debt has continued its downward trend since the Iranian calendar year of 1389 (March 2011 to March 2012 year), the Fars News Agency reported.
Iran's total short-term and mid-term/long-term external debt stood at USD761 million and USD5.35 billion, respectively. The country should repay its foreign debt by March 2019.
In April 2014, the International Monetary Fund (IMF) said that Iran had achieved considerable progress in raising per capita income and living standards in previous decades.
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