BAKU, Azerbaijan, April 3. Liquidity in Iran increased by 25.4 percent at the end of the 10th month of the last Iranian year (January 20, 2024) compared to the end of the same month of the previous year (January 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, liquidity in Iran amounted to 75.7 quadrillion rials (about $1.8 trillion) at the end of the 10th month of the last Iranian year. At the end of the same month of the previous year, liquidity in Iran was about 60.4 quadrillion rials (about $1.4 trillion).
The information shows that at the end of the 10th month, the share of money in liquidity amounted to 18.4 quadrillion rials (about $439 billion). It indicates an increase of 23.8 percent compared to the end of the same month of the previous year. The share of money in liquidity was about 14.9 quadrillion rials (about $355 billion) at the end of the same month of the previous year.
Statistics indicate that the share of near-money in liquidity at the end of the 10th month amounted to about 57.3 quadrillion rials (about $1.36 trillion). Compared to the same period of the previous year, the share of quasi-residents increased by 25.9 percent. By the end of the same month of the previous year, the share of near-money in liquidity was about 45.5 quadrillion rials (about $1.08 trillion).
To note, governments always want to channel liquidity growth in the right direction. If liquidity growth is channeled in the right direction, it leads to economic growth, increased employment, and lower inflation. Iran's failure to channel liquidity in the right direction has not led to economic development, moreover, it has led to higher inflation.
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