BAKU, Azerbaijan, October 29. Iran's liquidity increased by 27.8 percent as of the end of the sixth month of the current Iranian year (September 21, 2024) compared to the end of the same month last year (September 22, 2023), the statistic of Iran's Central Bank said, Trend reports.
According to the statistics, the volume of liquidity in Iran amounted to 90.7 quadrillion rials (about $203 billion) as of the end of the third month of the current Iranian year. The volume of Iran's liquidity amounted to about 71 quadrillion rials (about $159 billion) by the end of the same month of last year.
The statistics note that the share of money in liquidity was about 22.4 quadrillion rials (about $50 billion) by the end of the sixth month. Compared to the end of the same month last year, the money supply in liquidity increased by 24.8 percent. The liquidity stood at 17.9 quadrillion rials (about $40.1 billion) as of the end of the same month last year.
Furthermore, statistics show that the share of quasi-money in liquidity at the end of the sixth month amounted to about 68.4 quadrillion rials (about $153 billion). This is 28.8 percent more than at the end of the same month last year. At the end of the same month last year, the liquidity of quasi-money was about 53.1 quadrillion rials (about $119 billion).
The information indicates that the continued decline in liquidity over the past period since May 22, 2019 shows that the program related to the Central Bank's regulated national currency in the country has been implemented and is moving in the right direction.
To note, governments always seek to channel the growth of liquidity in the right direction. If liquidity growth is channeled in the right direction, it leads to economic growth, increased employment, and reduced inflation. Iran's failure to channel liquidity in the right direction has led to an economic downturn and has led to higher inflation.