Baku, Azerbaijan, Dec. 12
By Fatih Karimov, Mehdi Sepahvand – Trend:
Liquidity in Iran exceeded 11.379 quadrillion rials (each 31,965 rials making one USD) by Oct. 21.
The figure indicates a rise by 28.3 percent compared to the same period last year, the Central Bank of Iran (CBI) reported Dec. 12.
Iran’s liquidity increased by 1.21 quadrillion rials or 11.9 percent compared to the end of last fiscal year (March 20, 2016).
The volume of banknotes and coins possessed by the population in Iran was worth 326.5 trillion rials by Oct. 21, indicating a rise by 7.5 percent year on year.
The money volume increased by 25.9 percent year on year and amounted to 1,450.3 trillion rials by Oct. 21, meanwhile the liquid liabilities stood at 9,929.9 trillion rials (28.7 percent more year on year).
Following the removal of international sanctions, the Iranian administration is planning to hit an 8-percent economic growth in the post-sanctions era. Iran also made an announcement that the country is seeking to annually lure in up to $50 billion worth of foreign investment.
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