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  • 16-09-20

    Private subdivision delegates disapprove of unrestrained liquidity enlargement

    (MENAFN) On Tuesday September 15 Board members of the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) censured the unrestrained liquidity enlargement in the country which is causing disturbance in many economic and manufacturing sectors.

    TCCIMA portal accounted that throughout the 16th conference of TCCIMA board of delegates, Masoud Khansari the TCCIMA Head reminded that at present, liquidity is the most significant factor that is troublemaking the country's economic system.

    Masoud elucidated that "In the past few months, liquidity has grown by 13.8 percent, meaning that 22 trillion rials (about 500 million USD) is added to the country's liquidity every day, and in the past five months, 3.4 quadrillion rials (about 80.9 billion USD) has been added to the volume of liquidity,".

    Khansari stated that if the present trend continues, the liquidity enlargement will arrive at 32 percent and 8 quadrillion rials (concerning 190.4 billion USD) will be added to the country's liquidity by the end of the present Iranian agenda year (March 20, 2021).

    MENAFN1609202000450000ID1100805674

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