Liquidity’s increasing trend continues in Iran
Baku, Azerbaijan, Nov. 13
By Fatih Karimov – Trend:
Liquidity in Iran has reached 13,899.5 trillion rials (each 35,249 rials making one USD) by Sept. 22.
The figure indicates a rise by 23.8 percent compared to the same period last year, the Central Bank of Iran (CBI) said in its latest monthly report released Nov. 13.
Iran’s liquidity increased by 10.9 percent or 1,365.6 trillion rials compared to the beginning of current fiscal year (March 20, 2017).
The liquidity volume has been constantly on the rise in the Iranian economy for years, prompting many pundits to refer to it as a ticking time-bomb that, if not defused, will eventually create the next economic crisis.
The liquidity reached from 134,280 billion rials ($28.09 billion) in 1997 to 13,000 trillion rials ($345.74 billion) in 2016, registering a 96 times growth (a 12 times growth in USD).
In other words, this volume has gone through an annual growth of 26 percent on average.
The banknotes and coins possessed by the population in Iran were worth 344.7 trillion rials by Sept. 22, indicating a rise by 4.7 percent year-on-year.
The money volume increased by 13.7 percent year-on-year and amounted to 1,682.4 trillion rials by Sept. 22, while the near money stood at 12,217.1 trillion rials (25.3 percent more year-on-year).
Iran’s money volume amounted to 1,630.3 trillion rials by the end of last fiscal year (March 2017). The near money volume reached 10,903.6 trillion rials by the same time.