Broad Money Supply Rises 40.6%

Broad money supply reached 34,761.7 trillion ($151 billion) at the end of the previous fiscal year on March 20, indicating 40.6% growth compared with a year earlier.
Money supply increased 10,040 trillion rials ($43.6b) over course of a year, rising from 24,721.5 trillion rials ($107.4b) in March 2020, according to the data released by the Central Bank of Iran.
As for the main components of money supply, the share of money (M1) stood at 6,909.6 trillion rials ($30b) by March 20, up 61.7% on a year-on-year basis.
The total value of banknotes and coins in circulation was 735 trillion rials ($3.2b) in this period, indicating a 20.2% increase compared to the year before.