Iranian MP: Liquidity is four-fold more than budget
Azerbaijan, Baku, Sept. 21 / Trend, N. Umid /
Liquidity in Iran is four-fold more than current solar year's (started on March 21) budget, Iranian MP Ebrahim Karkhanei said, Iranian Keyhan newspaper reported.
Iran does not face shortage of money and liquidity, Kahrkhanei said, adding that, managing the liquidity needs strong and efficient management.
The Iran's current year's budget is 7.270 quadrillion rials (about $593 billion based on then official USD rate, a dollar equals 12,260 rials).
Later in August, Iranian Khorasan newspaper reported that Iran's liquidity figure reached $185.77 billion at the end of last solar year, while the figure was $27.66 billion when ex-president Mahmoud Ahmadinejad took office which indicates a 6.7 fold increase.
According to the World Bank's report, Iran ranked eighth among 161 countries with a 33 percent growth of liquidity during last year.
In June, Fars News Agency quoted Iran's then Central Bank Governor Mahmoud Bahmani as saying that liquidity in Iran amounted to 4670 trillion rials (about $381 billion) in the end of the second calendar month of Ordibehesht (May 21, 2013), showing a 26 percent increase year on year.
Liquidity grew by 1.4 percent in Ordibehesht compared to the end of last solar year (March 20, 2013), he added.
Iran's newly elected president Hassan Rouhani has announced that the reduction of liquidity growth is among his government's priorities.