BAKU, Azerbaijan, June 20
By Elnur Baghishov – Trend:
Iran's industrial sector needs 5.25 billion quadrillion rials (about $125 billion) in liquidity, Deputy Minister of Industry, Mine and Trade of Iran Saeed Zarandi said at a press conference, Trend reports citing IRIB.
According to Zarandi, the Iranian banks can provide about 3 quadrillion rials (about $71.4 billion) of that liquidity.
Zarandi added that the rest must be provided through the Iranian capital market.
The deputy minister said that currently, the liquidity problem in Iran is great. Thus, 690 billion rials (about $16.4 million) is added to liquidity every hour.
“Three major Iranian companies have sold shares worth 14.5 trillion rials (about $345 million) to secure financing,” he said.