BAKU, Azerbaijan, February 12. The liquidity in Iran increased by 34.5 percent at end of the 8th month of the current Iranian year (November 21, 2022), compared to the end of the same month of the last Iranian year (November 21, 2021), Trend reports via the statistics of Central Bank of Iran (CBI).
According to the statistics, the liquidity in Iran amounted to more than 58 quadrillion rials (about $1.38 trillion) at the end of the 8th month.
“The share of money in liquidity was approximately 13.5 quadrillion rials (about $322 billion) at the end of the 8th month, which is an increase of 60.8 percent compared to the same period last Iranian year,” the statistics said.
Meanwhile, the share of near-money in liquidity was 44.7 quadrillion rials (about $1.06 trillion) at the end of the 8th month. This is an increase of 28.2 percent compared to the same period last Iranian year.
If liquidity growth is properly controlled, it results in economic growth, increased employment and lower inflation. Failure to control liquidity in the right direction in Iran did not result in economic development, moreover, it led to an increase in inflation.
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