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Iran's liquidity up by 28.8 pc last year

Tehran, March 1, IRNA -- Iran's liquidity in the calendar year of 1380 (2001-2002) rose by 28.8 percent to rls 320.957 trillion mainly due to government's debts to national banks and credit institutions, according to a report, released by the Central Bank of Iran.

Central Bank of Iran (CBI) said in a statistical report, a copy of which was made available to IRNA on Saturday, that the amount of money in circulation in Iran's money market showed an increase of 24.9 percent, standing at rls 142.956 trillion.

The report said the quasi-money reserves at the end of last year rose by 32.2 percent to rls 178.5 trillion.

Iran's net assets in foreign banks showed an increase of rls 4.564 trillion and amounted to rls 10.075 trillion, triggering a 1.8 percent increase in liquidity.

Net assets in domestic banks last year rose by rls 67.281 trillion to rls 310.882 trillion, registering a 27 percent increase in liquidity.

... Payvand News - 3/1/03 ... --

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