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Iranian Central Bank assets hit $161B

Business Materials 17 October 2016 15:22 (UTC +04:00)

Baku, Azerbaijan, Oct. 17

By Fatih Karimov – Trend

The Iranian Central Bank’s assets stood at 5,105.6 trillion rials ($161.4 billion based on official rate of 31,639 rials per each USD) by Aug. 21.

The figure indicates a rise by 5.6 percent as compared to Aug. 21, 2015, the Central Bank of Iran (CBI) said.

The CBI’s foreign assets rose by 0.7 percent to 3406.6 trillion rials during the one-year period to Aug. 21.

Meanwhile, the figure has decreased by 3.2 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 36.4 percent to 348 trillion rials during the period.

The government’s deposits in the Central Bank also decreased by 24.8 percent and stood at 288.1 trillion rials by Aug. 21.

On the other hand, the state-owned companies’ debts to the Central Bank increased by 11.4 percent during the one-year period to Aug. 21 and stood at 281.4 trillion rials.

The Iranian banks’ debts to the CBI reached 918.4 trillion rials by Aug. 21, indicating a rise by 12.2 percent year-on-year.

The figure indicates a rise by 9.8 percent as compared to the end of last fiscal year (March 20), which was 836.3 trillion rials.

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