BAKU, Azerbaijan, March 7. Iranian banks issued about 2.77 quadrillion rials (about $65.9 billion) worth of loans to the agricultural sector in the first 11 months of the current Iranian year (from March 21, 2023, through February 19, 2024), the statistics report of Iran's Central Bank says, Trend reports.
The statistics show that loans worth 1.86 quadrillion (about 44.4 billion dollars) have been issued to the agricultural sector as working capital.
According to the statistics, 655 trillion rials (about $15.6 billion) worth of loans were issued in 11 months to set up businesses in the agricultural sector and establish orchards and farmlands.
The information also notes that 182 trillion rials (about $4.34 billion) worth of loans were issued in 11 months for the development of Iran's agricultural sector.
The statistics indicate that in the agricultural sector, self-employment accounts for 56.5 trillion rials (about $1.34 billion), the purchase of personal cars (5.55 trillion rials) (about $132 million), home purchases (2.76 trillion rials) (about $65.7 million), and renovation (207 billion rials) (about $4.93 million in loans).
To note, Iranian banks issued about 38.9 quadrillion rials (about $925 billion) worth of loans in the first 11 months of the current Iranian year.
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