Baku, Azerbaijan, Dec. 29
By Fatih Karimov - Trend: Iranians have deposited some 940 trillion rials (about $27 billion) in six unauthorized financial institutions.
Ali Komijani, Deputy Governor of the Central Bank of Iran, said this issue can be a factor to imbalance the fiscal market, Iran's ISNA news agency reported on Dec. 29.
The figure is 15.1 percent of the total liquidity in the banking system, he noted.
He put the volume of liquidity by the end of the eighth Iranian calendar month of Aban (ended on November 21) at 6,700 trillion rials (about $191 billion), showing 26.3 percent rise compared to the same period in the past year.
The Iranian administration's debt to the national banking system has surpassed 850 trillion rials (about $25 billion), a 313 percent rise since 12 years ago.
Meanwhile, the administration's debt to the national banking system rose 33 percent over the 12-month period from June 2013 to June 2014.
Iran's economy minister Ali Tayyebnia said on Aug. 19 that the administration will set up a special legal complex to deal with bank loan defaulters.
Tayyebnia said on June 18 that the real value of the Iranian banking system's bad loans is $47 billion.
Edited by CN