Iran’s liquidity grows over 30% year on year
Baku, Azerbaijan, Oct.5
By Fatih Karimov - Trend:
Iran's liquidity grew by 30.2 percent in the 12-month period, ending on August 22, 2014, compared to the same period of 2013.
The volume of liquidity exceeded $200 billion in the 12-month period, Iran's Fars news agency reported on November 5.
USD exchange rate in Iran is currently about 32,000 rials.
The liquidity growth rate in Iran has doubled during President Hassan Rouhani's first year incumbency, according to the statistics of Iran's Central Bank.
The volume of liquidity has increased by $34 billion since Rouhani took office in August last year, Iran's Tasnim news agency reported on June 18.
This is while liquidity had grown by around $16 billion between 2005 and 2013.
The Iranian administration may issue $32 billion worth of bonds to settle its debt to the national banking system.
Iranian deputy economy minister Shapour Mohammadi said $32 billion worth of shares of state-run companies can be divested in this regard, Iran's Mehr news agency reported on August 23.
However, the exact amount of the administration's debt to the banking system is not up to date, he added.
Iran's economy minister Ali Tayyebnia said on August 19 that the administration owes more than $21.5 billion to the national banking system, Iran's Fars news agency reported.
Tayyebnia said on June 18 that the real value of the Iranian banking system's bad loans is $47 billion.