Baku, Azerbaijan, Jan. 23
By Fatih Karimov – Trend:
Iran’s liquidity continued to rise and reached 14,244.7 trillion rials (Each USD makes 36,550 rials) by the end of eighth Iranian calendar month (Nov. 22, 2017), according to the latest data of Central Bank of Iran (CBI) Jan. 17.
The liquidity volume has been constantly on rise in the Iranian economy for years, raising concerns among certain experts, who believe the uncontrolled liquidity will eventually create an economic crisis in the country.
The liquidity by the end of the eighth Iranian calendar month indicates a rise by 22.6 percent compared to the same period last year.
Iran’s liquidity increased by 13.6 percent or 1,710.8 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 350.6 trillion rials by Nov. 22, 2017, indicating a rise by 5.1 percent year-on-year. However, the figure was 10.9 percent less compared to the beginning of the current fiscal year.
The money volume increased by 13.9 percent year-on-year and amounted to 1,705.9 trillion rials by Nov. 22, while the near money stood at 12,538.8 trillion rials (23.9 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.