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Iran’s liquidity stands at $330B

Business Materials 29 April 2016 19:48 (UTC +04:00)

Tehran, Iran, April 29

By Mehdi Sepahvand - Trend:

By the end of the Iranian month of Bahman (February 19), Iran's liquidity stood at $330 billion, a recent report says.

The number shows an increase of 28.7 percent compared to a year earlier, the Central Bank of Iran reported April 29.

The report adds that Iran's monetary base at the said date had improved by 12 percent year on year to stand at $48.5 billion.

From the report it is obvious that the main reason for the growth in monetary base has been the 11.7-percent increase of the bank's foreign assets.

The report further mentions that Iranians held worth $9.9 billion banknotes and coins at the said date, showing a decline of 14.5 percent year on year.

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