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Debts of Iran's public sector to Central Bank soar

Business Materials 4 July 2022 09:53 (UTC +04:00)
Debts of Iran's public sector to Central Bank soar
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, July 4. The debts of the Iranian public sector to the Central Bank of Iran (CBI) increased by 19.6 percent, over the last Iranian year (March 21, 2021 through March, 2022), compared to the preceding Iranian year (March 20, 2020 through March, 2021), Trend reports via statistics of the CBI.

According to the statistics, Iranian public sector debts to the CBI amounted to 1.78 quadrillion rials (about $42.5 billion) over last Iranian year.

Meanwhile, in the preceding Iranian year, the figure stood at 1.5 quadrillion rials (about $35.5 billion).

“Furthermore, the government's debts to the Central Bank of Iran amounted to 1.32 quadrillion rials (about $31.5 billion) for last year, which is an increase of 14.8 percent compared to the preceding Iranian year. Thus, this figure amounted to 1.15 quadrillion rials (about $27.4 billion) in the preceding Iranian year,” the statistics said.

The debts of state-owned companies and enterprises to the CBI amounted to 464 trillion rials (about $11 billion) in the last Iranian year.

This is an increase of 36.1 percent compared to the preceding Iranian year. So, the figure was 341 trillion rials (about $8.12 billion) in the preceding Iranian year.

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