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Debts of Iran's public sector to Central Bank growing

Finance Materials 20 April 2022 13:16 (UTC +04:00)
Debts of Iran's public sector to Central Bank growing
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, April 20. The debts of the Iranian public sector to the Central Bank of Iran (CBI) increased by 41.8 percent, during the first 11 months of the last Iranian year (March 21, 2021 through February 19, 2022), compared to the same period of the preceding Iranian year, Trend reports via statistics of the CBI.

According to the statistics, Iranian public sector debts to the CBI amounted to 2.12 quadrillion rials (about $50.4 billion) within 11 months.

Meanwhile, in the same period last Iranian year, the figure stood at 1.49 quadrillion rials (about $35.6 billion).

“Furthermore, the state's debts to the Central Bank of Iran amounted to 1.68 quadrillion rials (about $40 billion) for 11 months, which is an increase of 45.4 percent compared to the same period preceding Iranian year. Thus, this figure amounted to 1.16 quadrillion rials (about $27.5 billion) in the same period preceding Iranian year,” the statistics said.

The debts of state-owned companies and enterprises to the CBI amounted to 438 trillion rials (about $10.4 billion) in the first 11 months of the last Iranian year.

This is an increase of 29.5 percent compared to the same period preceding Iranian year. So, the figure was 338 trillion rials (about $8.06 billion) in the same period preceding Iranian year.

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