Baku, Azerbaijan, August 6
Trend:
According to the latest data of Central Bank of Iran (CBI), Iran’s liquidity has increased by 20.4 percent year-on-year by the end of the third Iranian calendar month (June 21).
The figure accounted to 15,827.5 trillion rials (each USD makes 44,000 rials based on official rate) by June 21, 527.7 trillion rials more compared to the beginning of the current fiscal year (March 20).
The liquidity volume has been constantly on the rise in the Iranian economy for years, raising concerns among certain experts, who believe the uncontrolled liquidity will eventually create economic crisis in the country.
The liquidity increased from 134,280 billion rials ($28.09 billion) in 1997 to 13,000 trillion rials ($345.74 billion) in 2016, registering a growth by 96 times (a 12 times growth in USD).
In other words, this volume has gone through an annual growth of 26 percent on average.
The volume of banknotes and coins in possession by the Iranian population registered an increase by 19.4 percent by June 21 and stood at 406 trillion rials, according to the CBI.
The figure hit 442.7 trillion rials (Each USD made 38,000 rials at the time) by March 20, compared to 393.3 trillion rials by the end of the preceding Iranian year (March 2017), the CBI said.
The figure amounted to 371.9 trillion rials by March 2016 and 351.7 trillion rials by March 2015, according to the report.
The money volume increased by 25 percent year-on-year and amounted to 2,509.5 trillion rials by June 20, while the near money stood at 13,768 trillion rials (19.7 percent more year-on-year).
Iran’s money volume amounted to 1,630.3 trillion rials by the beginning of last fiscal year (March 2017) and 1,367 trillion year by March 2016. The near money volume reached 10,903.6 trillion rials by the last year’s beginning compared to 8.805.8 trillion rials in the preceding year (March 2016).
