Iran’s liquidity grows by 24% year on year
Baku, Azerbaijan, Jan. 28
By Umid Niayesh - Trend:
The volume of Iran's liquidity exceeded 6.837 quadrillion rials (about $248.6 billion based on official rate of 27,500/USD) in the 12-month period, ending on Dec. 22, 2014, Iran's Mehr news agency reported Jan. 28.
The figure indicates an increase by 24.1 percent year on year, according to the Central Bank of Iran.
The country's liquidity volume also indicates growth by 14.9 percent compared to the end of last fiscal year (March 21, 2014).
Iranians had 291.75 trillion rials (about $10.6 billion) in cash by Dec. 22, 2014, which is higher by 5.7 percent compared to the same period of the preceding year.
Iran's liquidity by the end of the eighth Iranian calendar month of Aban (ended on November 21,2014) stood at 6.7 quadrillion rials (about $243.6 billion), showing a 26.3 percent rise compared to the same period the past year.
The liquidity growth rate in Iran doubled during President Hassan Rouhani's first year incumbency, according to the statistics of Iran's Central Bank.
The volume of liquidity increased by $34 billion in August 2014 since Rouhani took office in August 2014.
This is while liquidity had grown by around $16 billion between 2005 and 2013.
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