Iran’s Central Bank boosts capital to $3.3 billion
Azerbaijan, Baku, Jun.4/ Trend F.Karimov/
The Central Bank of Iran has boosted its capital by nine trillion rials (about $735 million) to reach 40 trillion rials (about $3.3 billion), the Fars News Agency reported.
At the general assembly meeting of the Central Bank, President Mahmoud Ahmadinejad said that offering banking facilities, market management and investments shows the country's positive economic growth in which the Central Bank has played a significant role.
In May, IRNA quoted Iran's Central Bank Governor Mahmoud Bahmani as saying Iran's external debt decreased by $10 billion in the past Iranian calendar year which ended on March 20.
The external debt stood at $7.2 billion compared to $17.3 billion in the year which ended in March 2012, he added.
He put the liquidity growth rate at 30.8 per cent in the past year and said that liquidity decreased by 1.9 per cent in the first Iranian calendar month compared to the last month of the past year.
In January, Bahmani said liquidity in Iran has reached 4240 trillion rials (over $346 billion).
The Central Bank previously reported that liquidity grew over five-fold seven years ago.
Bahmani said in May that the liquidity growth rate fell to 19.4 per cent in the year which ended on March 19, 2012, compared to 25.2 per cent in the preceding one.