Iranian government’s net debt to CBI up by 274%

Iranian government's debt (including state-run companies) to the Central Bank of Iran banking system has reached 182.4 trillion rials (each 30,480 rials making one USD) by March 20, Fars news agency reported June 1.

The figure indicates a fall by 0.7 percent year on year.

Iranian government's debt to the Central Bank (CBI) was 183.58 trillion rials at the same time 2015, registering a 16 percent increase year on year.

However the government's net debts (debts subtracting government's deposits in CBI) witnessed a sharp rise by 274.2 percent and surpassed 124.6 trillion rials by March 20.

The government's deposits in the central bank have decreased in recent months as the Iranian administration has withdrawn money from the bank to meet the budget demands.

The country's monetary base volume also registered a rise by 17.1 percent in the fiscal year to March 20, 2016, accounting for 1535.7 trillion rials, according to the report.

/By Trend/