Iran’s liquidity hits $400B
Baku, Azerbaijan, Aug. 14
By Fatih Karimov – Trend:
Liquidity in Iran exceeded 13.1491 quadrillion rials (each 32,850 rials making one USD) by June 21.
The figure indicates a rise by 24.1 percent compared to the same period of the last year, the Central Bank of Iran (CBI) said in its latest report.
The banknotes and coins possessed by the population in Iran were worth 340.1 trillion rials by June 21, indicating a rise by 9.1 percent year-on-year.
The money volume increased by 20.7 percent year-on-year and amounted to 1,647.1 trillion rials by June 21, while the near money stood at 11,502 trillion rials (24.6 percent more year-on-year).
Following the removal of international sanctions, the Iranian administration is planning to hit an 8-percent economic growth. Iran also made an announcement that it is seeking to annually lure up to $50 billion worth of foreign investment.