Page 33 - IRANRptSep20

The central bank report then switches to euros saying, “Iran’s potential commitment was placed at €8.23bn of which €6.33bn belongs to mid-term and long-term debts and €1.86bn belongs to short term debts”.
“At end of March 2019, Iran’s external debt was placed at $9.3bn, recording a decrease of $0.4 billion over its level at end-February 2019." the CBI said. The CBI added, "At the end of March 2018, Iran’s external debt was placed at $11.3bn, recording a decrease of $2bn over its level during Iran’s fiscal year.”
7.0​ FX
Iranian rial continues its collapse against hard currencies
Forex and gold prices skyrocket in Iran
The Iranian rial (IRR) has continued to tank against hard currencies in recent days. It reached a record weak level of IRR255,500 to the dollar on Iran’s unofficial market on July 18.
The ongoing strain of US sanctions, a second, and larger, wave of the coronavirus (COVID-19) and a string of suspicious explosions that have occurred across the country lately have collapsed public trust in the Rouhani administration.
The euro and pound sterlin also reached record highs against the rial at IRR290,000 and IRR320,000, respectively, on July 18.
Gold sovereigns followed suit. The Azadi coin hit IRR108mn on the street, while the Imami peaked at IRR115mn.
On the official Central Bank of Iran (CBI) exchange rate, all currencies remain fixed with the US dollar remaining at IRR42,000, the pound sterling IRR52,790 and the euro IRR47,997.
On the unofficial, or “free” market, the rial has lost nearly 48% of its value against the dollar in 2020, more than half of that in the past month.
Iran - FX
Jun-18
Sep-18
Dec-18
Mar-19
Jun-19
Sep-19
Dec-19
Feb-20
May-20
Currency (units per EUR) (eop)
49,268
48,754
48,011
47,165
47,754
45,926
47,055
46,543
45,835
Currency (units per USD) (eop)
42,590
42,000
41,995
42,000
42,000
42,000
42,000
42,000
42,000
33​ IRAN Country Report September 2020 www.intellinews.com