Economy, Business And Markets

Iran Liquidity Exceeds $350 Billion

Liquidity Exceeds $350 BillionLiquidity Exceeds $350 Billion

Iran's liquidity exceeded 14.89 quadrillion rials ($354.52 billion) by the end of the 11th month of the previous fiscal year to Feb. 19, latest data released by the Central Bank of Iran show.
According to a report published by the monetary regulator on its website on Wednesday, the above figure signals an increase of 23% year-on-year. This is while the same month of the previous year had registered a 24.1% increase YOY.
Of the total volume of liquidity, the share of money and quasi-money stood at more than 13.04 quadrillion rials ($310.47 billion) and 1.85 quadrillion rials ($44.04 billion) by the end of the penultimate month of last year, registering respective hikes of 21.7% and 23.2%.
The banking system held more than 7.19 quadrillion rials ($171.19 billion) in foreign assets that were 26% higher compared with the same month of last year. 


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