The total volume of liquidity in Iran stood at about 15.82 quadrillion rials ($358.72 billion) at the end of the first quarter of the current fiscal year on June 21, the Central Bank of Iran announced.
This signifies a year-on-year growth of 20.4%, the regulator said in its latest report published on its official news website.
As high as that number is, it was actually lower than the annual growth registered during the corresponding period of last year, which was equal to 24.1%. This is due to the focus of the administration of President Hassan Rouhani on curbing the liquidity surge that is posing a serious risk to the economy.
The CBI report said the total volume of liquidity at the end of Q1 increased by 3.4% compared with the end of the last fiscal year on March 20, 2018. That is while the same number was registered at 4.9% the year before.
Source: Financial Tribune - Date: (08 August 2018)