Source: Press TV
The Central Bank of Iran (CBI) has announced that the country's foreign debt has been on the rise during the first three months of the Persian calendar year. According to a new report released by the CBI, Iran's total foreign debt reached 5.48 billion dollars in the first quarter of the current Iranian calendar year (which started on March 21st).
Meanwhile, the CBI reported that the total amount of Iranian banks' net foreign assets has witnessed a 6.8% increase in the same period.
Earlier this year, the Iranian media reported that assets of Iranian banks increased by 40% in 2014.
The total capital of Iranian banks reached the unprecedented figure of $480 billion over the past year.
The rise came despite the US-led sanctions against Iran over its nuclear energy program.
According to a report published back in February, the deposits in Iranian banks reached $214 billion in 2014, witnessing a 22% year-on-year increase.
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