BAKU, Azerbaijan, April 29. The foreign assets of the Central Bank of Iran decreased by 6.3 percent at the end of the 11th month of the last Iranian year (February 19, 2024) compared to the end of the same month of the previous year (February 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, at the end of the 11th month of last year, the value of the Central Bank of Iran's external assets was about 7.08 quadrillion rials (about $168 billion). The figure was 7.55 quadrillion rials (about $180 billion) at the end of the same month of the previous year.
The statistics said the total value of assets (domestic and foreign) of the Central Bank of Iran amounted to about 20.6 quadrillion rials (about $489 billion) at the end of the 11th month. The value of the Central Bank of Iran's total assets increased by 31.3 percent at the end of 11 months compared to the end of the same month of the previous year. At the end of the same month of the previous year, the total value of the Central Bank's assets was about 15.7 quadrillion rials (about $373 billion).
To note, Iran was taken out of the SWIFT system in 2018 as the US imposed sanctions on Iran over Iran's nuclear program and expanded the sanctions. Iran's withdrawal from this system created serious problems for the country's work with global banks. It has caused Iranian banks' branches and assets in many countries to go virtually out of business.
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