BAKU, Azerbaijan, December 2. The liquidity in Iran increased by 26.9 percent at the end of the 5th month of the current Iranian year (August 22, 2023), compared to the end of the same month the previous year, Trend reports.
Data from Iran’s Central Bank shows that the liquidity in Iran was 68.5 quadrillion rials (about $1.63 trillion) at the end of the 5th month.
At the end of the fifth month, the share of money in liquidity was roughly 17.2 quadrillion rials (about $409 billion), reflecting a 41.3 percent rise over the same period previous year.
Meanwhile, the share of near-money in liquidity was 51.3 quadrillion rials (about $1.22 trillion) at the end of the 5th month, showing an increase of 22.7 percent compared to the same period of the previous 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; in contrast, it led to an increase in inflation.
---
Follow the author on X (Twitter):@BaghishovElnur
