NEWS
Banks  

Iranian banks’ foreign assets up 13%

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).

News No: 6315
Date: 2019/09/02 - 16:16
News Source: Tehran Times

Central Bank of Iran  Iranian rial 

Comments:

Leave a Comment:

   
   
   
 

NIMA supplies over €7.19b for imports of basic goods

Iran’s domestic Forex Management Integrated System (locally known as NIMA) has supplied €7.197 billion for imports of basic goods since the beginning of current Iranian calendar year (March 21) up to August 29, IRNA reported on Friday.
 

Tehran, Damascus ink MOU on banking cooperation

Central banks of Iran and Syria signed a memorandum of Understanding (MOU) on Monday for expansion of banking cooperation between the two countries, IRIB reported.
 

Russia to link banking system with Iran: envoy

Russia’s Ambassador to Iran Levan Dzhagaryan said on Sunday that Russia and Iran are going to connect their banking systems in near future, IRNA reported.
 

Iranian rial regains value by 40% in 8 months: CBI

Governor of Central Bank of Iran (CBI) said Iranian rial has been strengthened by over 40 percent against U.S. dollar in the past eight months, IRNA reported.
 

CBI governor: Europe should support INSTEX

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that the Europeans should show their seriousness about implementation of the instrument in support of trade exchanges (INSTEX) by ordering Iran's crude.
 

CBI sees stable currency market after turbulent year

Governor of Central Bank of Iran (CBI) said the currency market is moving toward stability and predictability after a year of turmoil, IRNA reported.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners