Iranian banking system witnesses increase in foreign assets value
Baku, Azerbaijan, July 14
Foreign assets in Iran’s banks registered a 25.9 percent increase during the 12-month period 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 7,329 trillion rials (Each USD made 38,000 rials at the time) by March 20.
The foreign assets of Iran’s banking system accounted to 5,823 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 20.1 percent to 4,077.6 trillion rials during the one-year period to March 20.
Meanwhile, the figure accounted to 3,394 trillion rials in the beginning of the last fiscal year (March 2017), the foreign assets of the CBI stood at 3,517 trillion rials by the end of fiscal year to March 2016.
At the same time the country’s foreign debts reached $10.91 billion by March 20, indicating an increase by 28.6 percent, year-on-year.
Iran’s short-term foreign debts amounted to $4.197 billion, while long-term debts stood at $6.713 billion by March 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.