Economy, Business And Markets

Liquidity Surge

Liquidity Surge Liquidity Surge

Central Bank of Iran’s latest statistics, published on Thursday indicate that liquidity stood at 9.75 quadrillion rials ($321.9 billion) by the end of the month ending February 19, marking a year-on-year surge of 28.7%. Data shows that the monetary base reached 1.23 quadrillion rials ($40.74 billion) by February 19, up by 10.4% from a year earlier. Banks’ total loans were 7.05 quadrillion rials ($232.9 billion), growing by 13.1% during the said period. By February 19, commercial banks owed the CBI 150.7 trillion rials ($4.9 billion), up by 45.7% year-on-year. Specialized banks’ debts to the central bank also increased by 2.5%, standing at 565 trillion rials ($18.64 billion).