Iranian banks receive more foreign assets
Baku, Azerbaijan, March 12
By Gazenfer Hamidov – Trend:
Foreign assets in Iran’s banks have registered a significant increase during the current fiscal year, started March 20, 2017.
According to a report released by Central Bank of bank of Iran (CBI), total foreign assets of Iranian banking system (including CBI) amounted to 6,883.3 trillion rials (each USD makes 37,500 rials based on official rate) by Jan. 21.
The figure indicates a rise by 21.5 percent compared to Jan. 20, 2017, according to the report.
The foreign assets of Iran’s banking system accounted to 5,823.5 trillion rials by the end of the last fiscal year (March 2017) and the year before (ended March 2016).
CBI’s foreign assets increased by 13.5 percent to 3,809.4 trillion rials during the one-year period to Jan. 20.
Meanwhile, the figure registered a rise by 12.2 percent from 3,394.1 trillion rials in the end of the last fiscal year (March 2017).
Foreign assets of the CBI stood at 3,517.5 trillion rials by the end of fiscal year to March 2016.
Meanwhile the country’s foreign debts reached $10.346 billion by Jan. 20, indicating an increase by 36.6 percent, year-on-year.
Iran’s short-term foreign debts amounted to $4.010 billion, while long-term debts stood at $6.336 billion by Jan. 20, according to CBI.
The CBI report doesn’t include the deferred debts, which went over $2.38 billion by the end of the last Iranian fiscal year (March 20, 2017).