Iran Central Bank's foreign assets fall, government debt grows
Baku, Azerbaijan, Feb. 16
By Khalid Kazimov – Trend:
The value of the foreign assets of the Central Bank of Iran (CBI) has dropped by 4.7 percent.
The Central Bank of Iran’s latest statistics concerning the ninth Iranian calendar month (November 21, 2016 - December 21, 2016) indicates that the value of the CBI’s foreign assets fell by 4.7 percent compared to March 2016.
According to the report, the value of the CBI’s foreign assets reached about $104.7 billion (3.352 quadrillion rials).
In the meantime, the government’s debt to the CBI has increased by 17.5 percent, reaching $19.1 billion (611.6 trillion rials).