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Iranian banking system pays $45.6B in loans over 6 months

Business Materials 17 November 2014 14:11 (UTC +04:00)

Baku, Azerbaijan, Nov.17

By Fatih Karimov - Trend:

The Iranian banking system paid $45.6 billion in loans in the first six months of the current year (began on March 21), the governor of the Central Bank of Iran (CBI) said.

CBI governor Valiollah Seif added that 31.7 percent of the loans were paid to the industry sector, Iran's Fars news agency reported on November 17.

USD exchange rate in Iran is about 32,000 rials.

Along with industry and mining sectors, the highest amounts of loan have been paid to agriculture, housing, commerce, and service sectors.

Seif previously vowed that the country's banks would give around 2,850 trillion rials by the end of the current Iranian calendar year. So far, half of the mentioned figure has been secured.

Iran has been struggling with bad loans in the past few years.

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