Thursday, 21 March 2019 04:07 GMT
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Iran government deposits at central bank decrease



(MENAFN - Trend News Agency ) Baku, Azerbaijan, April 14

By Gazenfer Hamidov – Trend:

Iranian Central Bank's assets increased by 13.9 percent year-on-year to 6,081 trillion rials (Each USD made 37,700 rials at the time) by Feb. 20, 2018.

The overall assets of the CBI witnessed an increase by 20.2 percent compared to the beginning of last fiscal year (March 20, 2017).

According to a report released by the CBI, the government's deposits (including state-run companies) in the Central Bank decreased by 3.6 percent and stood at 397.7 trillion rials by Feb. 20.

The government deposits stood at 359.3 trillion rials (2.8 percent fall), meanwhile the deposits of state-owned companies stood at 38.4 trillion rials (10.1 percent less year-on-year)

By Feb. 20, the value of Iranian banks and financial institutions deposits in the CBI amounted to 1,566.5 trillion rials, 20.7 percent more year-on-year.

The Iranian banks' debts to the CBI reached 1,167.1 trillion rials by Feb. 20, indicating a rise by 1.1 percent year-on-year.

The government debts (including state-run companies) to the Central Bank increased by 6.6 percent to 636.8 trillion rials during the period.

The central bank's foreign assets increased by 17.1 percent to 3,963.2 trillion rials during the one-year period to Feb. 20.

Meanwhile, the figure registered a rise by 16.8 percent from 3,394.1 trillion rials in the beginning of the last fiscal year (March 2017).

Overall assets of Iran's banking system by Feb. 20 accounted to 35,384.7 trillion rials, 22.6 percent more year-on-year.

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Iran government deposits at central bank decrease

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