Data released by the Central Bank of Iran show that the total liquidity stood at 16.72 quadrillion rials ($122.96 billion) on Sept. 22, a 20.3% jump compared to the same month last year.
The figure is also indicative of a 9.3% rise compared to the volume registered at the end of the previous fiscal in March 2017.
Total volume of M1 in the banking system was equal to 2.43 quadrillion rials ($17.91 billion) on Sept. 22 -- a 44.8% annual jump, while M2 amounted to 14.28 quadrillion rials ($105.05 billion) up 16.9% YOY.
M1 and M2 also witnessed increase by 25.2% and 7% respectively compared to the last yearend.
According to the report, overall banking system held 8.19 quadrillion rials ($60.28 billion) in foreign assets by the end of the sixth Iranian month (September 22), registering a 32.9% increase compared with the same month last year. Compared to the end of last fiscal, the figure rose 12%.
The government sector, including government and state-owned companies, had 837.5 trillion rials ($6.15 billion) in deposits and loans by the end of Sept. 22, indicating an annual rise of 45.6% as well as 12.8% increase compared to the last fiscal’s end.
This is while the figure for non-government sector stood at 16.27 quadrillion rials ($119.69 billion) to register 20.1% growth annually and also 9.6% rise compared to late last year.
Sight deposits amounted to 1.99 quadrillion rials ($14.64 billion), up 48.9% year on year and 32.4% compared with last yearend. On the other hand, time deposits witnessed 16.9% year-on-year rise to reach 14.28 quadrillion rials ($105 billion) while they registered 7% increase compared to the end of last year.
According to the CBI, the government sector owed 2.93 quadrillion rials ($21.61 billion) to the banking system in late September, registering a 23.8% increase compared with the same month of last year. The figure grew by 13.7% compared to the end of last year.
The non-government sector, however, had 11.65 quadrillion rials ($85.7 billion) in liabilities to the banking system, a 17.5% rise compared to the same month last year and a 6.8% rise compared to the end of last fiscal.
As per statistics, bank notes and coins in public hands totaled 445 trillion rials ($3.27 billion) by Sept. 22, up 29.1% compared to same month of last year and by 0.5% compared to the yearend.
