Iran central bank net foreign assets rise by 21.4% y/y to $24.57bn
Net foreign assets at the Central Bank of Iran (CBI) rose by more than a fifth year on year in November last year to reach over $24.57 billion, according to the latest figures published by the lender.
A Monday report by the official IRNA agency cited CBI figures showing that the lender had 6,872 trillion rials worth of foreign assets at the end of the calendar month to November 21, up 21.4% from November 2020.
CBI’s net foreign assets rose by 6.5% against the end of the last calendar year to late March 2021, said the report.
The report did not mention in which currencies the CBI holds its foreign assets or whether the bank has assets held in bonds or deposits with banks abroad.
The figures come as Iranian government authorities have indicated in various remarks that the country has been selling more crude oil in recent months while being able to recover the exports proceeds despite American sanctions targeting both the shipments and banking operations meant to settle payments.
CBI figures published on Monday showed that the bank was owed over $7.26 billion by the Iranian government and its companies and another $5.08 billion by state and private banks in Iran.
CBI’s total assets including banknotes and coins held by the bank rose 23.7% year on year in the month to November 21 to reach over 11,211 trillion rials ($40.1 billion), showed tables published by the lender.
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