Economy, Business And Markets

CBI’s Latest Data

CBI’s Latest DataCBI’s Latest Data

Latest figures released by the Central Bank of Iran indicate that foreign currency reserves of banks and credit institutions grew 6.8% in the first quarter of the current fiscal year (started March 21) to 2 quadrillion rials ($68 billion at the official exchange rate). Banks’ reserves held by the CBI also increased 3.3% to 900 trillion rials ($31 billion). According to the same report, money supply increased 22.7% between May 22 and June 22 at an annualized rate to 8.6 quadrillion rials ($296 billion). Iran’s foreign debt, the report adds, hit $ 5.4 billion in the first quarter. Of this, $454 million were considered short-term debt and $531 million were long and medium-term debt. The latest figures show a gradual increase in Iran’s foreign debt since the start of the year.