BAKU, Azerbaijan, Sept. 15
By Elnur Baghishov – Trend:
Iranian banks should strengthen control over their balance sheet and liquidity growth, Director General of the Central Bank of Iran (CBI), Akbar Komijani said, Trend reports citing CBI’s website.
According to Komijani, because this growth affects long-term macroeconomic variables, including liquidity and inflation.
The director general added that the liquidity in Iran reached 39.2 quadrillion rials (about $934 billion) at the end of the 5th month of the current Iranian year (August 22, 2021). The figure increased by 12.8 percent compared to the end of the last Iranian year (March 20, 2021).
“Due to this increase is not reasonable, the CBI has tried to slow down the growth of liquidity through open market operations,” he said.
Komijani noted that the interest rate on interbank income was 18.6 percent from the beginning of the current Iranian year (March 21, 2021) to September 12. The volume of transactions during the reporting period amounted to 840 trillion rials (about $20 billion).
The director general emphasized that so far, the "Sukuk" (Islamic bonds) has been auctioned in 17 stages. A total of 322 trillion rials (about $ 7.67 billion) worth of government bonds were sold by the Central Bank of Iran.
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