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Debts of public and private sectors to Iran’s Central Bank increase

Iran Materials 4 May 2024 14:13 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, May 4. The debt of the state and non-state sectors to the Central Bank of Iran increased by 76 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.

The statistics show that the debt of the state and non-state sectors to the Central Bank of Iran amounted to 10.7 quadrillion rials (about $255 billion).

The information shows that the figure stood at 6.08 quadrillion rials (about 148 billion dollars) at the end of the same month of the previous year.

Meanwhile, the statistics add that at the end of the 11th month of the previous year, the debt of the public sector (government agencies, companies, etc.) to the Central Bank of Iran amounted to 3.9 quadrillion rials (about $92.9 billion). Compared to the end of the same month of the previous year, this figure increased by 48 percent.

According to the statistics, at the end of the 11th month, banks' debt to the Central Bank of Iran amounted to 6.82 quadrillion rials (about $162 billion). This is 98.3 percent more than at the end of the same month of the previous year.

Moreover, the data shows that at the end of the 11th month, the value of the Central Bank of Iran's total (domestic and foreign) assets amounted to about 20.6 quadrillion rials (about $489 billion). The value of the Central Bank of Iran's total assets increased by 31.3 percent at the end of the 11th month compared to the end of the same month of the previous year.

To note, the statistics include foreign real estate and loans to the public and private sectors in the ownership of the Central Bank of Iran.

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