Iran Liquidity Exceeds $325 Billion

EghtesadOnline: The total volume of liquidity was more than 14.63 quadrillion rials ($325.62 billion) by the end of the 10th Iranian month to Jan. 20, the Central Bank of Iran announced.

News ID: ۷۸۱۹۸۵

13 March 2018

The monetary and banking sections of the latest report on economic indicators published by the regulator on its official website show that liquidity has had a year-on-year increase of 22.3% as it stood at more than 11.96 quadrillion rials ($266.2 billion) by the end of the 10th month of last year.

The volume of liquidity was more than 12.53 quadrillion rials ($278.88 billion) by the end of the previous fiscal year on March 20, 2017.

The banking system held more than 6.88 quadrillion rials ($153.13 billion) in foreign assets to signal a 21.5% YOY increase while the volume of government and non-government debts to the banking system exceeded 2.55 quadrillion rials ($65.75 billion) and 10.27 quadrillion rials ($228.58 billion) to register an increase of 22.5% and 17% respectively, Financial Tribune reported.

The foreign assets of commercial banks stood at 466.8 trillion rials ($10.39 billion) to register a 44.5% increase while at 508.6 trillion rials ($11.32 billion) and more than 1.65 quadrillion rials ($36.73 billion) respectively, the liabilities of government and non-government sectors to commercial banks rose by 32.2% and 22.2% on an annual basis.

Non-government banks and non-bank credit institutions held more than 1.88 quadrillion rials ($41.85 billion) in foreign assets during the 10th month, registering a 30.1% increase compared with the same month of last year. The government and non-government sectors owed 901.9 trillion rials ($20.1 billion) and more than 6.34 quadrillion rials ($141.1 billion) to them, indicating a respective YOY increase of 42.8% and 17.4% respectively.

The central bank, on the other hand, held more than 3.8 quadrillion rials ($84.57 billion) in foreign assets by the end of the 10th month, which indicates an annual increase of 13.5%.

The total volume of banknotes and coins was registered at 535.7 trillion rials ($11.93 billion). At 358.1 trillion rials ($7.97 billion), a majority was held by people, while 106.7 trillion rials ($2.38 billion) and 70.9 trillion rials ($1.58 billion) were with the banks and the CBI respectively.