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Iranian Central Bank assets up by 7%

Business Materials 27 September 2016 11:38 (UTC +04:00)

Baku, Azerbaijan, Sept. 27

By Fatih Karimov – Trend:

The Iranian Central Bank’s assets stood at 5023.9 trillion rials ($159.8 billion based on official rate of 31,429 rials per each USD) by July 21.

The figure indicates a rise by 7.1 percent as compared to July 21, 2015, the Central Bank of Iran (CBI) said.

The CBI’s foreign assets rose by 2.4 percent to 3346 trillion rials during the one-year period to July 21.

Meanwhile, the figure has decreased by 4.9 percent from 3517.5 trillion rials in the end of last fiscal year (March 20, 2016).

The CBI report indicates that governmental debts to the Central Bank hiked up by 47.8 percent to 345 trillion rials during the period.

The government’s deposits in the Central Bank also decreased by 7.5 percent and stood at 322.4 trillion rials by July 21.

On the other hand, the state-owned companies’ debts to the Central Bank increased by 11.9 percent during the one-year period to July 21 and stood at 277.7 trillion rials.

The Iranian banks’ debts to the CBI reached 909 trillion rials by July 21, indicating a rise by 9.1 percent year-on-year.

The figure indicates a rise by 8.7 percent as compared to the end of last fiscal year (March 20), which was 836.3 trillion rials.

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