May 3, 2023, 12:41 PM
News ID: 85100020
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Iran’s foreign deposits up by 13% y/y in Dec quarter

May 3, 2023, 12:41 PM
News ID: 85100020
Iran’s foreign deposits up by 13% y/y in Dec quarter

Tehran, IRNA – The Bank for International Settlements (BIS) has announced that Iran's deposits with foreign banks and financial institutions in the final quarter of last year reached $19.804 billion, up 13% compared to the same quarter in 2021.

BIS figures covered in a Wednesday report by the IRNA showed that Iran had deposits worth $11.114 billion in foreign banks and another $8.69 billion in financial institutions in the December quarter.

Iran’s debts to foreign banks and financial institutions stood at $1.768 billion over the same quarter, up 5% year on year, showed the figures.

Of that amount of debt, some $876 million were debts owed to foreign banks and rest were owed to financial institutions, said the BIS.

The BIS is an international financial institution based in the Swiss city of Basel that seeks to foster international monetary and financial cooperation and serves as a bank for central banks.

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