BAKU, Azerbaijan, November 10. The overseas
property of Iran’s Central Financial institution elevated by 614 % by the top
of the sixth month of the present Iranian yr (September 20, 2024)
in comparison with the identical month of the earlier yr (September 21,
2023).
The info obtained by Pattern from the nation’s Central Financial institution
confirmed that the worth of its overseas property amounted to 21.7
quadrillion rials (about $48.8 billion) by the top of the sixth
month of the present Iranian yr. This determine stood at 3.04
quadrillion rials (about $6.84 billion) by the top of the identical
month of final yr.
Furthermore, statistics point out that on the finish of the sixth
month, the worth of the Iranian Central Financial institution’s whole (home and
overseas) property amounted to 38.8 quadrillion rials (roughly $87.4
billion). The overall property of the Central Financial institution of Iran elevated by
128 % by the top of the sixth month, in comparison with the identical
month final yr. The worth of the Central Financial institution’s property stood at
about 17 quadrillion rials (about $38.2 billion) on the finish of the
similar month final yr.
To notice, Iran was excluded from the SWIFT system in 2018 when
the US imposed sanctions on Iran over the nation’s nuclear
program. Iran’s withdrawal from this technique posed critical issues
for the nation’s dealings with world banks. It left Iranian
banks’ branches and actual property in lots of nations virtually
untapped.
