Baku, Azerbaijan, Oct. 14
By Fatih Karimov– Trend:
Liquidity in Iran has exceeded 13,662.6 trillion rials (each 34,170 rials making one USD) by Aug. 22.
The figure indicates a rise by 24.3 percent compared to the same period of last year, the Central Bank of Iran (CBI) said in its latest monthly report released Oct. 14.
Iran’s liquidity increased by 9 percent or 1,128.7 trillion rials compared to the end of last fiscal year(March 20, 2017).
The banknotes and coins possessed by the population in Iran were worth 339.9 trillion rials by Aug. 22, indicating a rise by 5.1 percent year-on-year.
The money volume increased by 12.4 percent year-on-year and amounted to 1, 657.8 trillion rials by Aug. 22, while the near money stood at 12,004.8 trillion rials (26.1 percent more year-on-year).
Following the removal of international sanctions, the Iranian administration is planning to hit an 8-percent economic growth rate. Iran also made an announcement that it is seeking to annually lure in up to $50 billion worth of foreign investment.