The total value of Iranian banks’ foreign assets by June 21 stood at 9.245 quadrillion rials (about $220.11 billion), registering a 13-percent rise compared with the corresponding period of last year.
According to the latest data published by the Central Bank of Iran (CBI), the figure stood at 8.188 quadrillion rials (about $194.9 billion) for the last year’s same time span, and it reached 9.171 quadrillion rials (about $218.35 billion) at the end of the last Iranian calendar year (March 20, 2019).
Since the foreign branches of state-run banks are not considered in calculating the foreign assets, private banks and non-bank credit institutions account for the biggest share of the country’s banking system’s foreign assets.
As reported, Central Bank of Iran’s foreign assets, however, witnessed a slight 1.5-percent decrease in the said period, falling to 4.527 quadrillion rials (nearly $107.8 billion) from last year’s 4.594 quadrillion rials (about $109.4 billion).
The latest report published by the Central Bank of Iran (CBI) puts the country’s foreign debt at $9.053 billion at the end of the ninth Iranian calendar month of Azar (December 21, 2019), down from $9.339 billion at the end of the last Iranian year.
The governor of the Central Bank of Iran (CBI) said CBI’s major economic indicators show that the economy is emerging from a recession that began nearly two years ago when the United States imposed sanctions on Tehran.
Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €25 billion for imports of goods and services since it was launched in April 2018 up to February 1, 2020, IRNA reported.
The governor of the Central Bank of Iran (CBI) said that the bank will bring stability back to the forex market, IRIB reported.
The Statistical Center of Iran (SCI) announced that the inflation rate in the twelve-month period ended on November 22, which marks the end of the eight Iranian calendar month of Aban, stood at 41.1 percent.
Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied over €1.258 billion for imports of goods and services during the past Iranian calendar month of Aban (October 23-November 21), IRNA reported.