Baku, Azerbaijan, June 23
By Fatih Karimov – Trend:
Liquidity in Iran exceeded 10.173 quadrillion rials (each USD makes 30,589 rials) by March 20.
The figure indicates a rise by 30 percent compared to the same period last year, the Central Bank of Iran (CBI) reported June 23.
The volume of banknotes and coins possessed by the population in Iran was worth 372 trillion rials by March 20, indicating a rise by 5.8 percent year on year.
The money volume increased by 13.2 percent year on year and amounted to 1,367 trillion rials by March 20, meanwhile the liquid liabilities (broad money) stood at 8,806 trillion rials (33.1 percent more year on year).
Following the removal of international sanctions, the Iranian administration planning to hit an eight percent economic growth in the post-sanctions era, announced that the country is seeking to annually lure up to $50 billion worth of foreign investment.