Iran Liquidity Exceeds $350 Billion

EghtesadOnline: 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.

News ID: ۷۸۲۳۱۱

11 April 2018

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, according to Financial Tribune.

Debts of the state sector, including the government and state-owned companies, to the banking system stood at more than 2.58 quadrillion rials ($61.42 billion) to indicate a 23.2% YOY increase, while the liabilities of the non-government sector to the banking system was more than 10.46 quadrillion rials ($249.04 billion), signaling an annual rise of 16.6%.

The total assets of the banking system exceeded 35.38 quadrillion rials ($842.38 billion) by the end of the 11th month of last year, which was 22.6% higher when compared with the same month of the year before.

The total volume of foreign assets held by commercial banks stood at 481 trillion rials ($11.45 billion) by the end of the penultimate month of last year to signify a 43.1% annual jump. Liabilities of the state and non-government sectors to commercial banks were equal to 519.4 trillion rials ($12.36 billion) and more than 1.69 quadrillion rials ($40.23 billion) with respective YOY increases of 31.9% and 22.9%.

Deposits made by commercial banks at CBI reached 325.3 trillion rials ($7.74 billion) with a yearly increase of 34.5% to bring total assets to more than 5.09 quadrillion rials ($121.19 billion), registering a 29.9% rise.

CBI held more than 3.96 quadrillion rials ($94.28 billion) in foreign assets by that time to showcase a YOY rise of 17.1%.

According to the report, the government sector owed 636.8 trillion rials ($15.16 billion) to CBI to show a 6.6% annual rise while banks owed more than 1.16 quadrillion rials ($27.61 billion) to the regulator, which indicated a rise of only 1.1%.

All-in-all, the central bank held more than 6.06 quadrillion rials ($144.28 billion) in assets by the end of the 11th month of last year, which indicates a 13.8% increase compared with the same month of the year before.

By that time, the total volume of banknotes and coins equaled 535.8 trillion rials ($12.75 billion) to signal a 2% YOY hike. Of this figure, the majority at 365.3 trillion rials ($8.69 billion) was held by people with an annual rise of 13.6% while banks and CBI respectively held 107.8 trillion rials ($2.56 billion) and 62.7 trillion rials ($1.49 billion) with yearly contractions of 5.5% and 29.8% respectively.