Iran’s liquidity stood at 18.82 quadrillion rials (about $448.095 billion) in the past Iranian calendar year (ended on March 20, 2019), IRIB reported citing a report released by the Central Bank of Iran (CBI).
The CBI announced that the liquidity figure shows 22.1 percent growth year on year.
During a meeting held two weeks ago, CBI Governor Abdolnasser Hemmati discussed controlling liquidity with the country’s economists.
Reforming the structure of the country’s banking system, curbing inflation, removing barriers in the way of production, improving the people's livelihood and preventing income imbalances through monetary and fiscal policies, and the impact of U.S. sanctions and enforcement of bank operations were among the other issues raised in the meeting.
Iranian government’s economic committee on Sunday approved a mechanism for mining cryptocurrencies as Iran rushes to bring its growing mining farms in line with national laws, Mehr news agency reported.
Central Bank of Iran (CBI) announced that launching integrated forex market in the country is in the last stages, IRIB reported.
The Iranian national currency of rial is 118,000 against the US dollar which shows a relatively high regain of value compared to months of low that followed American introduction of crippling economic sanctions against Tehran.
Iran detained two oil tankers as they transited the strait of Hormuz but has released one of the vessels.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) put sanctions against a network of front companies and agents on July 18, 2019, who are involved in the procurement of aluminium materials for sanctioned elements of Iran’s nuclear program.
Russia has signaled its willingness to join an EU payments channel designed to circumvent US sanctions banning trade with Iran, but has called on Brussels to expand the new mechanism to cover oil exports.