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Iranian Central Bank assets reach $160 B

Business Materials 12 December 2016 10:25 (UTC +04:00)

Baku, Azerbaijan, Dec. 12

By Fatih Karimov – Trend:

The Iranian Central Bank’s assets stood at 5,146.4 trillion rials ($159.7 billion based on official rate of 32,229 rials per each USD) by Sept. 21.

The figure indicates a rise by 3.7 percent as compared to Oct. 21, 2015, the Central Bank of Iran (CBI) said Dec. 12.

The CBI’s foreign assets decreased by 3.3 percent to 3,403.7 trillion rials during the one-year period to Oct. 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 53.1 percent to 343.6 trillion rials during the period.

The government’s deposits in the Central Bank also decreased by 23.1 percent and stood at 315.5 trillion rials by Oct. 21.

On the other hand, the state-owned companies’ debts to the Central Bank increased by 3.5 percent during the one-year period to Oct. 21 and stood at 272.4 trillion rials.

The Iranian banks’ debts to the CBI reached 981.9 trillion rials by Oct. 21, indicating a rise by 15.5 percent year-on-year.

The figure indicates a rise by 17.4 percent as compared to the end of last fiscal year (March 20), which was 836.3 trillion rials.

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