Liquidity in Azar Exceeded ‘4,400 Trillion Tomans’
New statistics from Iran’s Central Bank show that liquidity during Ibrahim Raisi’s presidency has increased by approximately 360 billion tomans, reaching 4,427 trillion tomans in Azar of this year.
These statistics, released on Sunday, 17 Bahman, indicate that liquidity in Azar increased by more than 41 percent compared to the same month last year (equivalent to nearly 1,300 trillion tomans).
Government debt to the Central Bank in the thirteenth administration increased by approximately three percent and reached more than 202 trillion tomans, though overall government sector debt to all banks in the country decreased by three percent.
Central Bank statistics show that government debt to the Central Bank and the entire banking system in Azar grew 21 percent and 37 percent respectively compared to the beginning of the current year.
Liquidity is the most important factor in inflation in the country, and one of the fundamental slogans of Ibrahim Raisi’s government was not borrowing from the Central Bank and avoiding forcing the Central Bank to print currency to cover budget deficits.
No report has yet been released regarding the reasons for the increase in liquidity, nor about how Raisi’s government will cover its budget deficit, though other methods exist such as borrowing from the National Development Fund and issuing bonds to cover the budget deficit.
Source: Radio Farda
