Money Fleeing Term Deposits

As seen in the past few months, growth of sight deposits again far outweighed term deposits in the month to Dec.20, the Central Bank of Iran reported. 
Also known as time deposits, total term deposits reached 25,129.9 trillion rials ($104.7 billion) by Dec 20 -- 32.3% higher compared to the same period in 2019.  In the course of nine months from the beginning of the current fiscal year last March, the deposits increased 22.9%.  
Total sight deposits amounted to 5,528.1 ($23b) in the month, registering a whopping 77.9% growth on annualized basis. Sight deposits rose 1,866.5 trillion ($7.7b) in the nine months to log 51% growth, the CBI said in a report.