BAKU, Azerbaijan, April 23. The foreign assets of Iranian banks and financial institutions increased by 22.9 percent at the end of the 11th month of the last Iranian year (February 19, 2024) compared to the end of the same month of the previous year (February 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, the value of foreign assets of Iranian banks and financial institutions amounted to about 30.3 quadrillion rials (about $721 billion) at the end of the 11th month of the previous Iranian year. The figure stood at 24.6 quadrillion rials (about $587 billion) at the end of the same month of the previous year.
Statistics show that the total (domestic and foreign) assets of Iranian banks and financial institutions amounted to 159 quadrillion rials (about $3.8 trillion) at the end of the 11th month. The value of total assets of Iranian banks and financial institutions increased by 34.6 percent at the end of the 11th month compared to the end of the same month of the previous year. The total assets of Iranian banks and financial institutions stood at 118 quadrillion rials (about $2.82 billion) at the end of the same month of the previous year.
To note, the US imposed new sanctions on Iran in November 2018 in connection with Iran's nuclear program. Over the past period, more than 700 banks, companies, and individuals exporting Iranian oil have fallen under the sanctions. The sanctions led to the freezing of Iran's assets in foreign countries.
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