Business And Markets

Iran's Liquidity Growth Descending

Iran's Liquidity Growth Descending  Iran's Liquidity Growth Descending

Average liquidity growth dropped from 26.7% during  1988 to 2012 to 23.7 % between 2014-2018, said the deputy governor of the Central Bank of Iran. 
In the first seven months of the current fiscal (started March 21), liquidity growth and monetary base  followed an almost similar downward trend indicating the role of  CBI efforts to sustain monetary discipline,  Akbar Komijani said in a speech to the Fourth Conference on Islamic Finance held at Alzahra University in north Tehran.  
The colossal rise in liquidity has been cited as one reason behind the recent currency crisis that has seen the rial lose 70% of its value in eight months.    


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