Monetary Base at Multi-Month High

In a report on macroeconomic developments, the Central Bank of Iran said the money supply and monetary base continued to expand in the previous calendar month (ended May 20).
The monetary base grew 6% compared to the month earlier, which was the highest monthly rate in 14 months (since March 2020), according to the CBI report seen on its website.
It said the monetary base reached 4,890 trillion rials ($21.3 billion) in the month -- 280 trillion rials ($1.2b) expansion in one month. The amount shot up 7.3% in two months since the beginning of fiscal year. Compared to the same month last year it climbed 30.6%.