According to a report by the Central Bank of Iran, the country’s oil revenue (domestic and abroad) in December dropped by half compared to November.

Based on the data, Iran’s oil revenue has dropped under 50 trillion rials in December, while it was at 117 trillion in November, and on average over 105 trillion in the previous eight months.

The U.S sanction on Iran’s oil went into effect on November and since then, Iran’s oil export has dropped under one million barrels a day, which is over 50 percent less than average daily oil export of the country during the previous year.

 The report also states that the government’s foreign debt has increased by 10.5 percent and it is now at 10 billion and 910 million dollars. Also, the amount of money in the rotation has increased from 5.5 trillion rials at the beginning of President Rouhani’s first term to 17.5 trillion currently, which is a main cause of inflation. Central Bank’s data shows that the government’s debt to banks has increased by 19 percent and it is now at 3000 trillion rials, which is three times more than five years ago.