Central Bank of Iran Reports 29% Rise in Foreign Assets

EghtesadOnline: Foreign assets of the Central Bank of Iran increased by 29.6% in the calendar month ending September 22, the regulator’s website reported.

News ID: ۷۴۶۲۳۰

17 November 2018

According to the monetary and banking indicator report, the central bank had 4.59 quadrillion rials ($33.76 billion) in foreign assets on Sept. 22.

The figure is 12.8% higher compared to the end of the previous fiscal (March 20).

This is while the overall banking sector held 8.19 quadrillion rials ($60.28 billion) in foreign assets, registering a 32.9% increase compared to the same month last year. Likewise, the figure rose 12% compared to the end of the last fiscal, according to Financial Tribune.

Total volume of CBI bank notes and coins on Sept. 22 amounted to 29.9 trillion ($219.85 million)  -- a 59.8% decline annually, whereas the number rose by 5.3% compared to the end of last year.

The report shows the government sector, including government and state-owned companies, owed 641.7 trillion rials ($4.71 billion) to the CBI by the end of the month, indicating a 4.6% increase compared to the same month of last year. Compared to the end of the last fiscal, the figure was up by 21.5%.

Moreover, debt of banks to the CBI totaled 1.5 quadrillion rials (11.07 billion) -- up by 37.3% year on year and 14.1% compared to last year’s end.

Figures also indicate the CBI had 562.9 trillion rials ($4.13 billion) worth of bank notes and coins in liabilities, up 5.1% compared to last year in the same month while remaining unchanged compared to the last yearend.

CBI put deposits of banks and credit institutions it holds at 1.81 quadrillion rials ($13.32 billion), up by 20.5% annually and by 12.9% compared to the end of last year.

The government sector had 559.3 trillion rials ($4.11 billion) in deposits as of Sept. 22, an annual rise of 74% and up 19% compared to the last yearend.