News   /   Economy

Iran’s foreign assets up 7% y/y in December quarter: BIS

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
BIS figures shows Iran’s assets in foreign banks rose 7% year on year in the three months to December.

Figures by the Bank for International Settlements (BIS) show Iran’s assets in foreign banks rose by 7% in the quarter to December compared to the same quarter in 2021.

BIS figures covered in a Wednesday report by the official IRNA news agency showed that Iranian assets held in foreign banks and financial institutions had reached $18.586 billion in the three months to December 2022.

The figures indicated that more than half of the Iranian foreign assets reported in the December quarter were held in foreign bank accounts and the rest were controlled by non-banking financial institutions.

Around 40% of Iran’s foreign assets or the equivalent of $7.396 billion of them were in euros while assets in Japanese yen reported over the quarter were worth $1.403 billion, said the Basel-based banking standard-setter.

The figures showed that Iranian debts to foreign banks had also increased by 27% year on year in the quarter to December to reach $1.865 billion, of which some $1.536 billion were in euros.

Press TV’s website can also be accessed at the following alternate addresses:

Press TV News Roku