BAKU, Azerbaijan, January 31. The liquidity in Iran rose by 19.2 percent at the end of the 10th month of the current Iranian year (January 20, 2024), compared to the end of the same month the previous year, Trend reports.
The Iranian Central Bank’s data shows that liquidity in Iran was around 75.6 quadrillion rials (about $1.8 trillion) at the end of the 10th month.
Besides the monthly statistics, the Central Bank of Iran also publishes various reports at regular intervals. These reports are based on raw data that is finalized and released as statistics by the Central Bank. The main purpose of these reports is to evaluate the outcomes of the Central Bank of Iran’s policies.
The liquidity has been falling steadily since May 22, 2019, indicating that the Central Bank’s program for the domestic currency has been implemented and is working well.
The report stated that the foreign currency reserves of the Central Bank of Iran increased by 5.2 percent.
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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