Iran's liquidity hits $351B
Baku, Azerbaijan, Nov. 13
By Fatih Karimov – Trend
Liquidity in Iran exceeded 11.227 quadrillion rials (each 31,965 rials making one USD) by Sept. 21.
The figure indicates a rise by 28.6 percent compared to the same period last year, the Central Bank of Iran (CBI) reported Nov. 13.
The volume of banknotes and coins possessed by the population in Iran was worth 329.2 trillion rials by Sept. 21, indicating a rise by 7.4 percent year on year.
The money volume increased by 25.4 percent year on year and amounted to 1,480.3 trillion rials by Sept. 21, meanwhile the liquid liabilities (broad money) stood at 9,746.8 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.