Baku, Azerbaijan, July 10
By Fatih Karimov– Trend:
Liquidity in Iran exceeded 12.534 quadrillion rials (each 32,000 rials making one USD) by March 20, the end of last Iranian fiscal year.
The figure indicates a rise by 23.2 percent compared to the same period last year, the Central Bank of Iran (CBI) said in its latest report released July 10.
The volume of banknotes and coins possessed by the population in Iran was worth 393.3 trillion rials by March 20, indicating a rise by 5.8 percent year on year.
The money volume increased by 19.3 percent year on year and amounted to 1,630.3 trillion rials by March 20, meanwhile the near money stood at 10,903.6 trillion rials (23.8 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.