Money market covering 88% of Iran's financing

Business Materials 6 February 2015 15:58 (UTC +04:00)

Baku, Azerbaijan, Feb. 6
By Khalid Kazimov - Trend:

A report by the Iranian Central Bank shows that the money market's share in financing reduced from 92.9 percent in the Iranian year of 1390 (March 21, 2011 to March 20, 2012) to 88.1 percent two years later, Fars news agency reported on Feb. 6.

The report adds that in the meantime, the share of the capital market in the country's financing increased from 7.1 percent to 11.9 percent.

It also states that the banking system has had the greatest share in the country's financing.

The capital market's share in financing has been on the rise in the past few years, but is yet to arrive at a desirable point.

The total financing through the money market, capital market, and foreign investment is calculated at around 221,996 billion tomans in the year 1390; 229,015 billion tomans in 1391, and 270,691 billion tomans in 1392.

The sum of the facilities paid in 1390 has been 200,897 billion tomans, in 1391 195,588 billion tomans, and in 1392 236,223 billion tomans.

The report further adds the financing carried out through non-governmental bonds has been 5,248, 7,724, and 2,383 billion tomans for the years mentioned respectively.

Therefore, the official money market has financed the economy with 206,146; 203,313; and 238,606 billion tomans in past three years respectively.

One toman equals 10 Iranian rials.