BAKU, Azerbaijan, March 20. Iranian banks issued loans worth approximately 2.5 quadrillion rials (about $59.4 billion) in the agricultural sector of the country, during the first 11 months of the current Iranian year (March 21, 2022 through February 19, 2023), Trend reports via the statistics of the Central Bank of Iran (CBI).
“Of that, 495 trillion rials (about $11.8 billion) worth of loans were issued for the establishment of enterprises and the planting of gardens, and arable lands in the agricultural sector,” the statistics said.
Also, 1.79 quadrillion rials (about $42.6 billion) worth of loans were issued as working capital in the agricultural sector within 11 months.
At the same time, 138 trillion rials (about $3.3 billion) worth of loans were issued for the development of Iran's agricultural sector for the reporting period.
Moreover, about 67.6 trillion rials (about $1.6 billion) worth of loans were issued for self-employment in the agricultural sector, and 3.2 trillion rials (about $76.1 million) for the purchase of personal assets.
Overall, the Iranian banks issued loans worth approximately 36.7 quadrillion rials (about $874 billion) in various economic sectors in the country during the first 11 months of the current Iranian year.
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