BAKU, Azerbaijan, November 5. The debt of state and non-state sectors to the Central Bank of Iran increased by 58 percent by the end of the sixth month of the last Iranian year (September 21, 2024) compared to the end of the same month of the previous year (September 22, 2023).
The data obtained by Trend from the country's Central Bank showed that the debt of state and non-state sectors to the Central Bank of Iran amounted to 90.7 quadrillion rials (about $206 billion).
The statistics note that the figure stood at 57.4 quadrillion rials (about $130 billion) at the end of the same month last year.
Meanwhile, the statistics add that the public sector's debt (government institutions, companies, etc.) to the Central Bank of Iran amounted to 17.1 quadrillion rials (about $38.9 billion) by the end of the sixth month. This is 38.5 percent more than the same month at the end of the previous year.
The information says that the debt of the non-government sector to the Central Bank of Iran amounted to 73.5 quadrillion rials (about $167 billion) by the end of the sixth month. This is 28.3 percent more than by the end of the same month last year.
Furthermore, statistics show that at the end of the sixth month, the value of the Central Bank of Iran's total (domestic and foreign) assets amounted to 38.8 quadrillion rials (about $87.4 billion). The total assets of the Central Bank of Iran increased by 128 percent at the end of the sixth month compared to the end of the same month last year. At the end of the same month last year, the value of the Central Bank's assets stood at about 17 quadrillion rials (about $38.2 billion).
The statistics also include foreign property owned by the Central Bank of Iran, as well as debts to the public and private sectors.
In 2018, due to the US imposition of sanctions against Iran over Iran's nuclear program and the expansion of sanctions, Iran was taken out of the SWIFT system. Iran's withdrawal from this system created serious problems for the country's work with global banks. This led to the fact that branches and assets of Iranian banks in many countries were practically out of business.