Business And Markets

Broad Money Grows 34.2%

Broad Money Grows 34.2% Broad Money Grows 34.2%

The Central Bank of Iran reported that growth in broad money supply picked up during one year, rising by 34.2% by end of the calendar month to June 21 compared with the same period last year.  
Broad money reached 26,571.7 trillion rials ($115 billion) by June 21, growing 6,772.6 trillion rials ($29b) during the year. 
The CBI report indicates that the money supply grew 7.5% in three months from the beginning of the fiscal year on March 20.
It also reflected on the main components of the money supply including the entire money circulating in the economy plus quasi money. 


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