BAKU, Azerbaijan, April 16. The liquidity in Iran increased by 27.5 percent at the end of the 11th month of the last Iranian year (February 19, 2024) compared to the end of the same month of the previous year (February 20, 2023), the statistics of Iran's Central Bank said, Trend reports.
According to the statistics, liquidity in Iran stood at about 77.8 quadrillion rials (about $1.8 trillion) at the end of the 11th month of the last Iranian year. At the end of the same month of the previous year, liquidity in Iran stood at 61 quadrillion rials (about $1.4 trillion).
The statistics added that the share of money in liquidity was about 19.3 quadrillion rials (about $459 billion) at the end of the 11th month. This shows an increase of 27.5 percent compared to the end of the same month of the previous year. At the end of the same month of the previous year, the share of money in liquidity was about 15.5 quadrillion rials (about $368 billion).
Information shows that the share of near money notes in liquidity at the end of the 11th month amounted to 58.5 quadrillion rials (about $1.3 trillion). Compared to the same period of the previous year, the share of near money increased by 28.4 percent. At the end of the same month of the previous year, the share of near money in liquidity was about 45.6 quadrillion rials (about $1 trillion).
To note, governments always want to steer 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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