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Iranian Central Bank assets reach $160B

Business Materials 18 February 2017 15:50 (UTC +04:00)

Baku, Azerbaijan, Feb. 18

By Fatih Karimov – Trend:

The Iranian Central Bank’s assets stood at 5,181.4 trillion rials ($160 billion based on official rate of 32,390 rials per each USD) by Dec. 20, 2016.

The figure indicates a rise by 5.6 percent as compared to Dec. 21, 2015, the Central Bank of Iran (CBI) said.

The CBI’s foreign assets decreased by 1.7 percent to 3,352.9 trillion rials during the one-year period to Dec. 20, 2016.

Meanwhile, the figure has decreased by 4.7 percent from 3,517.5 trillion rials in the end of last fiscal year (March 20, 2016).

The CBI report indicates that governmental debts to the Central Bank increased by 33.9 percent to 354.7 trillion rials during the period.

The government’s deposits in the Central Bank also decreased by 10.3 percent and stood at 338.3 trillion rials by Dec. 20, 2016.

On the other hand, the state-owned companies’ debts to the Central Bank decreased by 5.4 percent during the one-year period to Dec. 20, 2016 and stood at 256.9 trillion rials.

The Iranian banks’ debts to the CBI reached 1,047.9 trillion rials by Dec. 20, 2016, indicating a rise by 26.3 percent year-on-year.

The figure indicates a rise by 25.3 percent as compared to the end of last fiscal year (March 20, 2016), which was 836.3 trillion rials.

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