BAKU, Azerbaijan, December 10. The liquidity in Iran rose by 26.8 percent at the end of the 6th month of the current Iranian year (September 22, 2023), compared to the end of the same month the previous year, Trend reports.
As stated in the data from Iran’s Central Bank, the liquidity in Iran was around 71 quadrillion rials (about $1.69 trillion) at the end of the 6th month.
At the end of the sixth month, the share of money in liquidity was 17.9 quadrillion rials (about $427 billion), reflecting a 40.6 percent rise over the same period previous year.
Meanwhile, the share of near-money in liquidity was 53.1 quadrillion rials (about $1.26 trillion) at the end of the 6th month, showing an increase of 22.8 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.
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