Baku, Azerbaijan, April 11
By Gazenfer Hamidov – Trend:
Foreign assets in Iran’s banks registered a 26 percent increase during the first 11 months of last fiscal year, ended March 20.
According to a report released by Central Bank of Iran (CBI), total foreign assets of Iranian banking system (including CBI) amounted to 7.1 trillion rials (Each USD made 37,700 rials at the time) by Feb. 20.
The foreign assets of Iran’s banking system accounted to 5.8 trillion rials at the beginning of the last fiscal year (March 2017) and the year before (ended March 2016).
CBI’s foreign assets increased by 17.1 percent to 3.9 trillion rials during the one-year period to Feb. 20.
Meanwhile, the figure registered a rise by 16.8 percent from 3.3 trillion rials in the beginning of the last fiscal year (March 2017).
Foreign assets of the CBI stood at 3.5 trillion rials by the end of fiscal year to March 2016.
Meanwhile the country’s foreign debts reached $10.758 billion by Feb. 20, indicating an increase by 38.22 percent, year-on-year.
Iran’s short-term foreign debts amounted to $4.1 billion, while long-term debts stood at $6.5 billion by Feb. 20, according to CBI.
The CBI report doesn’t include the deferred debts, which went over $2.38 billion by the end of the fiscal year to March 20, 2017.