Iran's liquidity increases by 29%
Baku, Azerbaijan, Oct. 17
By Fatih Karimov – Trend
Liquidity in Iran exceeded 10.992 quadrillion rials (each 31,639 rials making one USD) by Aug. 21.
The figure indicates a rise by 29.2 percent compared to the same period last year, the Central Bank of Iran (CBI) reported Oct. 17.
The volume of banknotes and coins possessed by the population in Iran was worth 323.4 trillion rials by Aug. 21, indicating a rise by 6.1 percent year on year.
The money volume increased by 29.7 percent year on year and amounted to 1,474.9 trillion rials by Aug. 21, meanwhile the liquid liabilities (broad money) stood at 9,517.1 trillion rials (29.1 percent more year on year).
Following the removal of international sanctions, the Iranian administration planning to hit an eight percent economic growth in the post-sanctions era, announced that the country is seeking to annually lure up to $50 billion worth of foreign investment.