Broad Money Supply Rises 38.4%

Broad money supply reached 31,300.2 trillion ($130 billion) at the end of third quarter of the current fiscal year on Dec. 20, indicating 38.4% Y/Y growth.
The Central Bank of Iran in a report said the amount is 2.2 percentage points higher than the first half of the year ending Sept. 21. Money supply jumped 26.6% since the beginning of the current fiscal year in March when it was 24,721.5 trillion rials ($103b).   
As for the main components of money supply, the CBI said the share of money (M1) stood at 6,170 trillion rials (25.7b) by Dec. 20 or 69.8% higher compared to the same period last year. M1 increased 44.4% in nine months. 
The total value of banknotes and coins in circulation was 642.2 trillion rials ($2.6b) by Dec. 20 -- 21.7% higher compared to the same period last year. It was up 5% over nine months since the beginning of the fiscal year.