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Assets of Iran's Central Bank increase

Business Materials 17 October 2017 10:52 (UTC +04:00)

Baku, Azerbaijan, Oct. 17

By Fatih Karimov– Trend:

Iranian Central Bank’s assets stood at 5,472.2 trillion rials ($159.8 billion based on official rate of 34,244 rials per each USD) by Aug. 22.

The figure indicates a rise by 7.2 percent, as compared to Aug. 22, 2016, Central Bank of Iran (CBI) said in a message.

The overall assets of the CBI witnessed an increase by 8.2 percent compared to the end of last fiscal year (March 20, 2017).

The CBI’s foreign assets increased by 3.1 percent to 3,510.8 trillion rials during the one-year period to Aug. 22.

Meanwhile, the figure has increased by 3.4 percent from 3,394.1 trillion rials in the end of the last fiscal year.

Total foreign assets of Iranian banking system (including CBI) also accounted to 6,055.2 trillion rials, 6 percent more year-on-year, according to the report.

The CBI report indicates that governmental debts (including state-run companies) to the Central Bank decreased by 1.4 percent to 620.7 trillion rials during the period.

The government’s deposits in the Central Bank also increased by 16.5 percent and stood at 385.7 trillion rials by Aug. 22.

The Iranian banks’ debts to the CBI have reached 1,103.9 trillion rials by Aug. 22 indicating a rise by 20.2 percent year-on-year.

That figure indicates a rise of 10.7 percent, as compared to the end of last fiscal year, which was 996.9 trillion rials.

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