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Iran’s foreign debt $7.5B

Business Materials 1 January 2017 13:31 (UTC +04:00)

Tehran, Iran, Jan. 1

By Mehdi Sepahvand – Trend:

The Central Bank of Iran (CBI) has reported that Iran’s foreign debt in the first three months of the current Iranian fiscal year, which started March 20, stood at $7.571 billion.

The working account balance during the three-month period was $5.231 billion. In the meantime, the trade balance was $6.522 billion, exports stood at $18.005 billion and imports at $12.383 billion, the CBI reported.

Liquidity increased by 4.2 percent in the meantime, while non-governmental deposit growth stood at 4.9 percent.

The government’s revenue during the mentioned period was 211.2 trillion rials ($6.5 billion at each USD worth 32,372 rials). Also, cost payments stood at 368.8 trillion rials, acquisition of capital assets at 1.4 trillion rials, and deficit of operational and capital assets at 160.4 trillion rials.

According to the report, inflation in the 12 months leading to the end of the three-month period (June) stood at 9.7 percent.

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