Business And Markets

Money Supply Jumps 40%

Money Supply Jumps 40%
Money Supply Jumps 40%

Data released by the Central Bank of Iran show broad money supply increased to 40,680 trillion rials ($150 billion) to Sep.22.
This was up 40.5% y/y. Broad money supply increased 3.7% on a monthly basis and was up 17% in six months (March 21-September 22).
The monetary base expanded 39.5% on an annual basis to reach 5,190 trillion rials ($19b) on Sep.22 rising 13.1% in H1. In the corresponding period last year the monetary base surged 7.7%. Compared to the month before, however, the figure rose slightly by 0.6%.


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