Iran’s financial transactions of 20 billion dollars with 24 world banks

According to Iran Economist, the Bank for International Settlements announced in its latest report: Iran’s deposits with foreign banks and institutions at the end of the first half of 2022 have grown by three percent, equivalent to $506 million, compared to the end of 2021.

The amount of Iran’s deposits with foreign banks and institutions at the end of 2021 was announced as more than 17 billion and 558 million dollars, and this figure increased to 18 billion and 64 million dollars 6 months later, at the end of June 2022.

Of Iran’s total foreign deposits of 18 billion dollars at the end of June 2022, more than 9 billion and 327 million dollars were with banks. Also, 6 billion and 785 million dollars of these deposits are kept in the form of euros and 280 million dollars in the form of dollars.

The difference between Iran’s deposits and commitments against the 44 banks examined in this report at the end of the first half of 2022 has reached 16 billion and 165 million dollars.

According to this report, Iran’s commitments to these banks at the end of June 2022 have increased by $224 million compared to the end of 2021. Iran’s commitments to these banks at the end of 2021 were more than one billion and 675 million dollars, which reached one billion and 899 million dollars at the end of June 2022.

Out of Iran’s foreign commitments of one billion and 899 million dollars, 882 million dollars were related to Iran’s commitments to foreign banks. Also, most of these commitments, i.e. one billion and 561 million dollars, were in Euros.

According to this report, the total volume of Iran’s financial transactions with the banks of 44 foreign countries in the first half of 2022 increased by four percent compared to the end of 2021 and reached 19 billion and 963 million dollars. At the end of 2021, this figure was reported to be more than 19 billion and 233 million dollars.

The Bank for International Settlements is headquartered in the city (Basel) in Switzerland and its reports titled “International Banking and Financial Market Developments” are published four times a year. In these reports, the deposits and obligations of a series of banks and non-banking financial institutions belonging to 44 countries of the world, which are mainly European, are presented.