Baku, Azerbaijan, June 18
By Fatih Karimov - Trend:
The liquidity growth rate in Iran has doubled during President Hassan Rouhani's first year incumbency, statistics of the Central Bank of Iran show.
The volume of liquidity has increased by $34 billion since Rouhani took office in August last year, Iran's Tasnim news agency reported on June 18.
This is while liquidity had grown by around $16 billion between 2005 and 2013.
USD exchange rate in Iran is currently about 32,000 rials.
On March 4, Iranian deputy central bank governor Peiman Qorbani said liquidity in Iran hit 5,600 trillion rials (about $175 billion.
Iranian economy minister Ali Tayyebnia has said that reaching an 8 percent economic growth rate is feasible.
The national economy has the potential and the capacity to attain an 8 percent growth rate, Iran's IRIB reported on June 9.
However, the administration's short-term goal is to get the economy out of recession, he added.