Accounting, Tax, Advisory, Assurance , Consultancy and Auditing Iran

Iran Liquidity Exceeds $325 Billion

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>

07Mar 2018

Central Bank of Iran CDs Attract $53 Billion in Two Weeks

The Central Bank of Iran’s main plan to control runaway foreign exchange rates has been successful, as the total value of liquidity attracted by banks from the sale of rial certificates of deposit has amounted to 2.4 quadrillion rials ($53.5 billion), the head of the Private Association of Banks and Credit Institutions announced. “The bulk […]

07Mar 2018

‘SHFA1’ Pharmaceutical goes public on Tehran Stock Exchange!

Market News – With IRR 1,180 bn in the capital, 117,943,000 shares, equal to 10%, of Shafa Darou Investment (SHFA1) went public on Tehran Stock Exchange through book building method ranging at IRR4,000-IRR4,150. The company is owned by Ayande Pouya (81%), Tose’e Melli Investment Group (13%) and Tose’e Melli Investment (5%). Each investor, both individual and institutional were allowed to purchase […]

08Mar 2018

Iran Banks Urged to Enforce AML/CFT Measures

The Central Bank of Iran has called on the banking system to enforce anti-money laundering and combating the financing of terrorism measures by establishing strong compliance departments. CBI Governor Valiollah Seif on Wednesday met with the chief executives of banks at the CBI headquarters and urged them to implement AML/CFT standards in their operations, especially […]

08Mar 2018

Foreign Investment Trickles Into Iran’s Capital Market

Total capitalization of Iran’s capital market, including equity and fixed-income, is currently standing at around $130 billion. The amount of foreign investment in the country, including direct and portfolio investment, is reported to have been quadrupled since the implementation of the landmark nuclear deal known as the Joint Comprehensive Plan of Action in mid January […]

10Mar 2018

Iran Social Security issues the first equity backed Sukuk Ijarah!

Market News – In an attempt to utilize the capacities of Iran’s Debt Market, Social Security Organization of Iran is to issue IRR 10,000 bn (cUSD 223.46 mn) worth of Sukuk Ijarah with a nominal rate of 20%, the maturity of 1 year and semi-annual coupon payments. The underlying asset is, for the first time, 7.89% of “PTAP1″ shares priced […]

10Mar 2018

NDFI Urged to Attract Foreign Investments

President Hassan Rouhani has ordered the National Development Fund of Iran to prepare a plan to attract foreign investments, according to a board member of the fund who also referred to measures taken for boosting foreign relations through other channels. “For increasing the attraction of foreign funds, Iran’s sovereign wealth fund has prioritized a number […]