...

Liquidity in Iran registers rise by 22%

Business Materials 11 March 2018 14:16 (UTC +04:00)

Baku, Azerbaijan, March 11

By Gazenfer Hamidov – Trend:

The latest data of Central Bank of Iran (CBI) indicates that Iran’s liquidity has increased by 22.3 percent year-on-year by the end of 10th Iranian calendar month (Jan. 20).

The liquidity reached ‎14,631.2 trillion rials (Each USD makes 37,500 rials), according to the latest data released by CBI March 11.

The liquidity volume has been constantly on the rise in the Iranian economy for years, raising concerns among certain experts, who believe the uncontrolled liquidity will eventually create economic crisis in the country.

Iran’s liquidity increased by 16.7 percent or 2,097.3 trillion rials compared to the beginning of the 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 growth by 96 times(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 358.1 trillion rials by Jan. 20, indicating a rise by 10.5 percent year-on-year. However, the figure was 8.9 percent less compared to the beginning of the current fiscal year.

The money volume increased by 19.3 percent year-on-year and amounted to 1,801.6 trillion rials by Jan. 20, while the near money stood at 12,829.6 trillion rials (22.7 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.

Tags:
Latest

Latest