Liquidity in Iran on the rise
Tehran Iran, Dec.27
Iran's liquidity has tripled during the past five years, and reached $16 trillion in August 2018, Trend reports referring to the statistics of recent report by the Islamic Parliament Research Center of Iran.
The statistics indicated the volume of liquidity in August 2013 was around $11.9 trillion, while the figures have tripled to approximately $16 trillion in August 2018.
The report titled "Liquidity management and controlling inflation" has reviewed the quantity and quality of country's liquidity over the past five years alongside the effect of foreign currency fluctuation in the market and rise of prices in recent months in the country.
The highest share of liquidity growth from 2013 belonged to the long-term savings, where the average has reached 15 percent, therefore this led to increase of liquidity velocity, which was caused by high interest rates. All this may lead to inflation in Iran going out of control, which has already been happening in the first half of the current Iranian year (started March 21, 2018).
The report also offered suggestions to create new liquidity, control of liquidity and how to reduce volume of liquidity.