BAKU, Azerbaijan, April 2. The liquidity in Iran increased by 24.3 percent at the end of the 12th month of the last Iranian year (March 19, 2024) compared to the end of the 12th month of the previous year, the Central Bank of Iran said, Trend reports.
The Central Bank reports that at the end of the 12th month of the previous Iranian year, liquidity in Iran amounted to 78.8 quadrillion rials (about $1.8 trillion).
Additionally, the Central Bank of Iran notes that the liquidity figure at the end of last year indicates that the Central Bank of Iran has achieved the goals of increasing the bank balance sheet and controlling the volume of money. It even recorded the planned 25 percent increase in liquidity at the end of last year.
To note, states always want to channel liquidity growth in the right direction. If liquidity growth is channeled in the right direction, it leads to economic growth, increased employment, and lower inflation. Iran's failure to channel liquidity in the right direction has not led to economic development, moreover, it has led to higher inflation.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel