Net foreign assets of Iran’s central bank increase 21.4% year-on-year to $24.57 billion

The file photo shows a view of the headquarters of the Central Bank of Iran (CBI) in northern Tehran.

Net foreign assets of the Central Bank of Iran (CBI) rose by more than a fifth year-on-year in November last year to over $24.57 billion, according to the latest figures released by the lender.

A Monday report from the official IRNA agency cited CBI figures showing the lender had 6,872 trillion rials in foreign assets at the end of the calendar month to November 21, up 21.4 % compared to November 2020.

The net foreign assets of the CBI increased by 6.5% compared to the end of the last calendar year at the end of March 2021, according to the report.

The report does not mention in which currencies the CBI holds its foreign assets or whether the bank holds assets held in bonds or deposits with banks abroad.

The figures come as Iranian government officials have indicated in various remarks that the country has sold more crude oil in recent months while being able to recoup export proceeds despite US sanctions targeting both shipments and operations. banks to settle payments.

CBI figures released on Monday showed the bank owed more than $7.26 billion to the Iranian government and its companies and another $5.08 billion to public and private banks in Iran.

CBI’s total assets, including banknotes and coins held by the bank, increased by 23.7% year-on-year in the month to November 21 to over 11.211 trillion rials (40 .1 billion), according to tables published by the lender.

Previous Need for greater transparency in compliance, procurement has never been more important
Next Out of two hospitals in a month, new efforts to restore services in Chester County