Baku, Azerbaijan, Sept. 10
Trend:
According to the latest data of the Central Bank of Iran (CBI), Iran’s liquidity has increased by 20.1 percent year-on-year, by the end of the fourth Iranian calendar month (July 22).
The figure accounted to 16,022.5 trillion rials (each USD makes 42,000 rials based on official rate) by July 22, 722.7 trillion rials (or 4.7 percent) more compared to the beginning of the current fiscal year (March 20), the CBI said in a report Sept. 10.
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.
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 in possession by the Iranian population registered an increase by 21.7 percent by July 21 and stood at 415 trillion rials, according to the CBI.
The figure hit 442.7 trillion rials (Each USD made 38,000 rials at the time) by March 20, compared to 393.3 trillion rials by the end of the preceding Iranian year (March 2017).
The figure amounted to 371.9 trillion rials by March 2016 and 351.7 trillion rials by March 2015, according to the report.
The money volume increased by 34.7 percent year-on-year and amounted to over 2.14 trillion rials by July 21, while the near money stood at over 13.873 trillion rials (18.1 percent more year-on-year).
The money volume stood at over 1.946 trillion rials by the beginning of the current fiscal year (March 20). The near money volume was over 13.353 trillion rials at the same time.
Iran’s money volume amounted to over 1.63 trillion rials by the beginning of last fiscal year (March 2017) and 1.36 trillion year by March 2016.
The near money volume reached over 10.903 trillion rials by the last year’s beginning compared to over 8.80 trillion rials in the preceding year (March 2016).