World Bank: Iran ranks 8th in the world in terms of liquidity growth
Azerbaijan, Baku, August 13 / Trend N. Umid
Iran held 8th rank among 161 countries with 33 percent growth of liquidity during last year, Khorasan newspaper reported citing World Bank's report.
Equatorial Guinea, Venezuela, Myanmar, Belarus, Sudan, Colombia and Argentina stand top of the Iran in the World Bank's list with 57.8, 56.4, 55, 44.6, 40.2, 39.4 and 34.8 percent of liquidity growth respectively.
Iran's liquidity figure reached $185.77 billion (based on official rate of 24,794 rials per USD) at the end of last solar year (enden on March 21), while the figure was $27.66 billion when ex-president Mahmoud Ahmadinejad took office (August 2005) which indicates a 6.7 fold increase, the newspaper said.
Iranian media reported that, the liquidity growth during first four months of the current solar year (started on March 21) has decreased compared to the same period last year.
Liquidity growth figure during second (April 21- May 21) and third (May 22 - June 21) months of the current solar year has stood on 1.4 and 2.7 percent respectively, while the figures were 5.3 and 7 percent during the same months of the last year, according to Fars news agency.
The report said that liquidity volume growth has decreased from $190.7 billion in third month of the current solar year (May 22-June 21) to $189.2 billion in fourth month (June 22- July 22).
Speaking at the parliament on August 12, Iran's president Hassan Rouhani named imbalance of payments, funding and banking system among country's major problems, and underscored that one of the priorities of the government is reduce growth of liquidity, so that inflation in the country could be curbed.