Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Iran
IRNFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,579,200,000,000,000.00
Year-over-Year Change
1101.63%
Date Range
1/1/2004 - 1/1/2018
Summary
The 'Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Iran' series measures the value of deposits held at non-bank financial institutions in Iran. This provides insight into the use of the Iranian financial system by households and businesses.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the total value of deposits held at institutions like credit unions, microfinance providers, and other non-bank deposit-taking entities in Iran. It offers a broader view of financial intermediation beyond just commercial banks.
Methodology
The data is collected by the Central Bank of Iran through surveys of financial institutions.
Historical Context
This metric is used by economists and policymakers to assess the depth and inclusiveness of Iran's financial system.
Key Facts
- Deposits at non-bank institutions account for over 10% of total financial assets in Iran.
- Deposit growth at other deposit takers has outpaced commercial banks in recent years.
- The Central Bank of Iran closely monitors this metric to track financial intermediation.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of deposits held at non-bank financial institutions like credit unions and microfinance providers in Iran.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader use of financial services in Iran beyond just commercial banks, which is important for assessing financial inclusion and system depth.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Iran through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate the inclusiveness and development of Iran's financial system, which is relevant for monetary policy and financial sector reforms.
Q: Are there update delays or limitations?
A: There may be lags in data reporting from smaller institutions, and coverage could be incomplete for the full non-bank deposit-taking sector.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Iran (IRNFCLODDXDC), retrieved from FRED.