Baku, Azerbaijan, Dec. 19
By Fatih Karimov – Trend:
The increasing trend of the liquidity in Iran continued for the sixth month during the current fiscal year and reached 14,030.5 trillion rials (Each USD makes 35,700 rials) by Oct. 22.
The liquidity volume has been constantly on rise in the Iranian economy for years, raising concerns among certain experts. They believe the uncontrolled liquidity will eventually create an economic crisis in the country.
The liquidity in the sixth Iranian calendar month (Sept. 22-Oct. 22) indicates a rise by 23.3 percent compared to the same period last year, according to the latest data of Central Bank of Iran (CBI).
Iran’s liquidity increased by 1.9 percent or 1,496.6 trillion rials compared to the beginning of current fiscal year (March 20, 2017).
The liquidity increased 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 volume of banknotes and coins possessed by the Iranian population hit 343.6 trillion rials by Oct. 22, 2017, indicating a rise by 5.2 percent year-on-year. However, the figure was 12.6 percent less compared to the beginning of the current fiscal year.
The money volume increased by 13 percent year-on-year and amounted to 1,638 trillion rials by Oct. 22, while the near money stood at 12,392.5 trillion rials (24.8 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.