Baku, Azerbaijan, Oct. 17
By Elnur Baghishov - Trend:
Although there are substantial problems in Iranian economy, one of the factors causing the current economic stagnation is the unknown liquidity, the Member of Academic Staff of the Allameh Tabataba’i University, economist Mohammad Javad Mohaggigniya said in an interview with IRNA.
This liquidity made citizens take back the funds deposited in financial institutions for the sake of interest rate and enter gold coin and other markets, he added.
He noted that the increase of liquidity by the Central Bank of Iran for financial institutions to pay their debts made the economic problems more severe.
As a result of payment to citizens of the money deposited in the financial institutions, that money entered various markets in a free way, he said.
It is necessary to strengthen control in order to prevent repetition of such events, Mohaggigniya advised.