The total volume of liquidity in Iran reached 16.02 quadrillion rials ($150.43 at market exchange rate) by the end of the fourth month of the current fiscal year on July 22, the latest report by the Central Bank of Iran shows.
According to the report published on the monetary regulator’s official website on Monday, the figure was higher by 20.1% compared to the same month of the previous year and 4.7% higher compared to the end of the previous year on March 20, 2018.
From the total volume of money supply, the share of money was about 2.14 quadrillion rials ($20.09 billion) at the end of the fourth month as it showed a year-on-year increase of 34.7% and a 10.4% increase compared to the close of last year.
Near money amounted to 13.87 quadrillion rials ($130.23 billion) by that time, which was higher by 18.1% and 3.9% compared to the similar period of last year and the end of last year respectively.
September 10, 2018 19:58
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Liquidity Surpasses $150b
The total volume of money supply in Iran continues to grow at an alarming pace mostly due to balance sheet challenges facing ailing banks that persistently tap into central bank coffers
There is no problem with banks borrowing from other banks in the interbank market as it is common practice, but the continuous tapping of several banks into central bank reserves due to balance sheet problems is highly problematic and will have conseque
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