Baku, Azerbaijan, Nov.23
By Fatih Karimov - Trend:
Three Iranian commercial banks, namely Sepah, Melli, and Post Bank, owe a total of $2.5 billion to the Central Bank of Iran.
The debt has increased by 203 percent compared to the previous year, Iran's ISNA news agency reported on November 23.
USD free market exchange rate is currently about 32,000 rials in Iran.
The three banks have $4.5 billion in deposits at the Central Bank.
Assets of Iranian commercial banks amounted to $70 billion in the first half of the current year, the Central Bank of Iran said.
The figures show a 19.1 percent growth year on year, Iran's Fars news agency reported on November 19.
Foreign assets rose 56.9 percent to $7 billion, the report added.
The USD free market exchange rate is currently about 32,000 rials in Iran.
The current Iranian year began on March 21.
Iran's liquidity grew by 30.2 percent in the 12-month period, ending on August 22, 2014, compared to the same period in 2013.
The volume of liquidity exceeded $200 billion in the 12-month period, Iran's Fars news agency reported on November 5.
The liquidity growth rate in Iran has doubled during President Rouhani's first year incumbency, statistics of the Central Bank of Iran shows.
The volume of liquidity increased by $34 billion when Rouhani took office in August last year, Iran's Tasnim news agency reported on June 18.
This is while liquidity grew by around $16 billion between 2005 and 2013.
