Iran's Liquidity Climbs to $150 Billion

EghtesadOnline: A monthly report by the Central Bank of Iran released on Sunday, showed liquidity reached 17,645 trillion rials ($150.8 billion) in the Iranian month of Azar (Nov.22-Dec. 21), up 22.1% compared to the same month last year.

News ID: ۷۴۶۶۶۸

12 February 2019

The report published on the CBI website indicates that the money supply increased by 15.3% compared to the end of the last fiscal year (March 2018).

Of the total volume of liquidity, the share of money -- including physical currency, gold coins and demand deposits - in the banking system was 2,446 trillion rials ($20.9 billion) in Azar, indicating 41% rise year-on-year and up 25.7% compared with the end of the last fiscal.

Additionally, the value of near-money amounted to 15,199 trillion rials ($129.9 billion), registering 19.5% growth YOY and 13.8% growth compared to the same month last year, according to Financial Tribune.

In the same month, the value of foreign assets held by banks reached 8,812 trillion rials ($75.3 billion), up 33.3% annually and higher 20.4% compared to the end of the last fiscal.

The government sector -- including government and state-owned companies -- had 3,028 trillion rials ($25.8 billion) in debt to the banks by Dec.21 which indicates 18.7% annual growth.

In addition, the government sector had 835 trillion rials ($7 billion) in loans and deposits with the banking system during the same period, indicating 34.6% hike YOY and 12.5% rise compared to the end of the last fiscal.

CBI Assets

With regard to CBI assets, the regulator had 4,634 trillion rials ($36.6 billion) in foreign assets in Azar, up 25.2% annually. Additionally, the total debt of government to the CBI reached 708 trillion rials ($6 billion) up 11.8%  annually. Also, the value of banknotes and coins held as CBI assets was 48 trillion rials ($410 million) in the same month, indicating 35.3% decrease compared with the same month last year and up 70.4% hike compared with the last fiscal end.

In addition, the CBI had 602 trillion rials ($5 billion) in banknotes and coins in public hands and banks, indicating a 12.6 % growth annually and 7.1% rise compared to the last yearend.

As for CBI debts, banks and credit institutions had 1,893 trillion rials ($16 billion) in deposits with the CBI, which indicates 23.5% rise YOY and 18% compared with the yearend.

Also, the regulator had 2,250 trillion rials ($19.2 billion) debts in foreign exchange, indicating 25.9% increase annually and 17.8% rise compared to the end of last fiscal.

Foreign Assets of Lenders

The aggregate value of foreign assets held by commercial banks stood at 567 trillion rials ($4.8 billion) by the end of Azar, indicating 26.5% YOY jump. In addition, commercial banks overall had 403 trillion rials ($3.4 billion) in deposits with the CBI to register 27.4% and 18.2% rise annually and compared to the last yearend, respectively.

Liabilities of state and non-government sectors to commercial banks was 649 trillion rials ($5.5 billion), up 15.7% YOY and 12.6% compared to the end of last year.

By Dec.21, commercial banks held 441 trillion rials ($3.7 billion) and 2,724 trillion rials ($23.2 billion) sight deposit and time deposits to show annual 14.1% and 21.6% growth respectively.

The total value of foreign assets held by specialized banks reached 1,190 trillion rials ($10 billion) by Dec.21, indicating a 73.1% annual jump. Also, specialized banks had overall 132 trillion rials ($1 billion) in deposits with the CBI, indicating 32% and 15.7% rise annually and compared with the last yearend respectively.

Debts of state and non-government sectors to specialized banks reached 571 trillion rials ($4.8 billion), up 11.1% YOY and 4.8% compared to the end of last year.

By this time, specialized banks held 195 trillion rials ($1.6 billion) and 1,400 trillion rials ($11.9 billion) sight deposit and time deposits, respectively up 14.1% and 21.6% annually.