Broad Money Soars 43%

Data released by the Central Bank of Iran show broad money surged 42.8% in the 12 months to Oct. 22.
Broad money was in the region of 42,275 trillion rials ($150 billion) up 21.6% in the first seven months of current fiscal year, the CBI website said.
The CBI linked the increase in part to the transfer of the general ledger of Mehr Eqtesad Bank to Bank Sepah in line with a merger plan.