Tehran, Iran, Aug. 25
By Temkin Jafarov -- Trend:
Liquidity growth in Iran lowered by 6.6 percent at the end of the fourth month in the current Iranian fiscal year (which started March 21), Peyman Qorbani, vice president of the Central Bank of Iran in economic affairs, said.
He said the total (inhomogeneous) liquidity growth for the period for the period stood at 41.4 percent, 12.1 percent of which was due to the launch of new banks and credit institutes, Trend correspondent reported from Tehran August 25.
The liquidity growth for the same time last year had been 29.3 percent, he said, adding that the current year's liquidity by the mentioned time stood at 8,323.8 trillion rials (each 29,856 rials making one USD).
He further said in the first four months of the year 929.7 trillion rials facilities were given.
"The share of working capital in that was 65.5, which is greater than the target 60. Also, 84.4 percent of it went into industries and mines," he noted.
According to Qorbani, monetary basis for the time mentioned was 1329 trillion rials, showing 1.3 percent growth since the beginning of 2015.
Also, one of the great deeds of the incumbent administration was to lower inflation from 45.1 percent in 2013 to 14.2 by the end of the mentioned time, Qorbani further stated.
Edited by CN