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Debts of public and private sectors to Iran’s Central Bank on rise

Business Materials 8 April 2024 12:14 (UTC +04:00)
Elnur Baghishov
Elnur Baghishov
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BAKU, Azerbaijan, April 8. The debts of the public and private sectors to the Central Bank of Iran (CBI) increased by 92.6 percent at the end of the 10th month of the last Iranian year (January 20, 2024) compared to the end of the same month of the previous year (January 20, 2023), the statistics of Iran's Central Bank said, Trend reports.

According to the statistics, the debt of the public and private sectors to the Central Bank of Iran amounted to about 10.7 quadrillion rials (about $254 billion).

The statistics indicate that the figure stood at 5.53 quadrillion rials (about $132 billion) at the end of the same month of the previous year.

The information adds that at the end of the 10th month of last year, the debt of the public sector (government agencies, companies, etc.) to the Central Bank of Iran was about 3.85 quadrillion rials (about $91.6 billion). This figure increased by 56.3 percent compared to the end of the same month of the previous year.

Based on statistics, at the end of the 10th month, banks' debt to the Central Bank of Iran stood at 6.82 quadrillion rials (about $162 billion). This is 122 percent more than at the end of the same month of the previous year.

Statistics show that at the end of the 10th month, the value of the Iranian Central Bank's total (domestic and foreign) assets amounted to 20 quadrillion rials (about $478 billion). At the end of the 10th month, the value of the Central Bank of Iran's total assets increased by 22.6 percent compared to the end of the same month of the previous year.

To note, in the statistics, the Central Bank of Iran's ownership includes foreign property and loans to the public and private sectors.

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