Baku, Azerbaijan, Apr. 29
By Fatih Karimov – Trend:
Liquidity in Iran reached 12.53 quadrillion rials( $386.2 billion based on official rate of 32,440 rials per each USD) at the end of the last fiscal year (March 20), Peyman Ghorbani, deputy governor of the Central Bank of Iran (CBI) for Economic Affairs, said.
This amount of liquidity shows a 23 percent rise compared to that of the same date a year earlier, Ghorbani said, ISNA news agency reported Apr. 29.
Liquidity in Iran exceeded 11.966 quadrillion rials by Jan. 20, which indicates that the country’s liquidity has increased by 564 trillion rials during the last quarter of the Iranian previous fiscal 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.