Iran’s central bank increases capital to $3.3 billion
The Central Bank of Iran has boosted its capital by nine trillion rials (about $735 million) to reach 40 trillion rials (about $3.3 billion), Fars news agency reported.
At the general assembly meeting of the Central Bank, President Mahmoud Ahmadinejad said that offering banking facilities, market management and investments shows the country's positive economic growth in which the Central Bank has played a significant role.
In May, IRNA news agency quoted Central Bank Governor Mahmoud Bahmani as saying Iran's external debt decreased by $10 billion in the past Iranian calendar year which ended on March 20.
The external debt stood at $7.2 billion compared to $17.3 billion in the year which ended in March 2012, he added.
He put the liquidity growth rate at 30.8 per cent in the past year and said that liquidity decreased by 1.9 per cent in the first Iranian calendar month compared to the last month of the past year.
In January, Bahmani said liquidity in Iran has reached 4240 trillion rials (over $346 billion).
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