Iran's liquidity increases by 26%
Baku, Azerbaijan, March 11
By Fatih Karimov – Trend:
Liquidity in Iran exceeded 11.966 quadrillion rials (each 32,418 rials making one USD) by Jan. 20.
The figure indicates a rise by 26 percent compared to the same period last year, the Central Bank of Iran (CBI) reported March 11.
Iran’s liquidity increased by 1.793 quadrillion rials or 17.6 percent compared to the end of last fiscal year (March 20, 2016).
The volume of banknotes and coins possessed by the population in Iran was worth 324.1 trillion rials by Jan. 20, indicating a rise by 8.8 percent year on year.
The money volume increased by 27.8 percent year on year and amounted to 1,509.7 trillion rials by Jan. 20, meanwhile the liquid liabilities stood at 10,456.3 trillion rials (25.8 percent more year on year).
Following the removal of international sanctions, the Iranian administration is planning to hit an 8-percent economic growth in the post-sanctions era. Iran also made an announcement that the country is seeking to annually lure in up to $50 billion worth of foreign investment.