BAKU, Azerbaijan, Aug. 4
By Elnur Baghishov – Trend:
The preventing the increase of liquidity in Iran in the current situation requires strict financial discipline, Director General of the Central Bank of Iran (CBI), Akbar Komijani said, Trend reports citing CBI’s website.
He made the remark in a meeting with the heads of banks in Iran.
The director general emphasized that if this is not followed, controlling growth of monetary base and liquidity will be impossible.
Komijani added that the government's budget deficit and the payment of about 560 trillion rials (about $13.3 billion) in petty cash are the main reasons for the increase in the monetary base over the past three months (from March 21 through June 21, 2021).
“At the end of the third month of the current Iranian year (June 21, 2021), liquidity growth stood at 39.4 percent. This is an increase of 5.2 percent compared to the previous period,” he said.