Iran’s liquidity surpasses $383B

Business Materials 2 November 2016 17:00 (UTC +04:00)

Baku, Azerbaijan, Nov. 2

By Fatih Karimov – Trend

Liquidity in Iran exceeded 12.2 quadrillion rials ($383.7 billion based on official rate of 31,797 rials per each USD) as of Sept. 21, Peyman Ghorbani, vice-governor of the Central Bank of Iran (CBI), said.

The figure indicates a rise by 28.6 percent compared to the same period of last year, Ghorbani said, Fars news agency reported Nov. 2.

He further said that the liquidity growth stood at 10.4 percent during the first half of the current fiscal year (started March 20), 1.1 percent more year-on-year.

Iran’s liquidity has increased by 1201 trillion rials in one-month period from Aug. 21 to Sept. 21.

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.