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Iranian public sector's debt to Central Bank increases

Finance Materials 2 February 2021 16:26
Iranian public sector's debt to Central Bank increases

BAKU, Azerbaijan, Feb. 2

By Elnur Baghishov – Trend:

The debts of the Iranian public sector to the Central Bank of Iran (CBI) increased by 32.7 percent during the first 9 months of the current Iranian year (March 20 through December 20, 2020), compared to the same period last Iranian year, Trend reports citing the statistics of CBI.

According to the statistics, Iranian public sector debts to the CBI amounted to 1.47 quadrillion rials (about $35.2 billion) within 9 months. While in the same period last Iranian year, this figure was 1.11 quadrillion rials (about $26.5 billion).

“Furthermore, the state's debts to the Central Bank of Iran amounted to 1.11 quadrillion rials (about $26.5 billion) over the nine months. This is an increase of 26.7 percent compared to the same period last Iranian year. Thus, this figure amounted to 880 trillion rials (about $20.9 billion) in the same period last Iranian year,” the statistics said.

The debts of state-owned companies and enterprises to the CBI amounted to 362 trillion rials (about $8.63 billion) in the first 9 months of the current Iranian year.

This is an increase of 55.8 percent compared to the same period last Iranian year. So, this figure was 232 trillion rials (about $5.54 billion) in the same period last Iranian year, the statistics said.

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