Baku, Azerbaijan, July 7
By Fatih Karimov - Trend: Foreign assets of Iranian banks dropped by 6.5 percent and reached 1.9 quadrillion rials (about $57 billion based on free market exchange rate) in the past Iranian fiscal year, which ended on March 20, according to a report published the Central Bank of Iran.
Deposits at the Central Bank totaled 880 trillion rials (about $26 billion), a 12.2 percent rise year on year.
Deposits by the non-government sector rose 23.3 percent and reached 7.47 quadrillion rials (about $226 billion).
The Iranian government's debt to domestic banks surpassed 1.04 quadrillion rials (about $30 billion) in the past Iranian fiscal year. The volume of debt shows a 37 percent rise compared to the corresponding figure in the fiscal year, which ended in March 2014.
Edited by CN