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.

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.

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.

Source:

2018, Iran Liquidity Exceeds $325 Billion, Monday, March 12, p.1,<https://financialtribune.com>