Business And Markets
0

Money Supply Jumps 39% to $172 Billion

Money Supply Jumps 39% to $172 Billion
Money Supply Jumps 39% to $172 Billion

Money supply increased 39% in the Iranian fiscal year ending March 20 reaching 48,324.4 trillion rials ($172.5 billion).
On a monthly basis, the broad money increased by 2,084 trillion rials ($7.4 billion) or 4.5%, marking the highest monthly growth last year, according to a report released by the Central Bank of Iran. 
The monthly rise notwithstanding, annualized money supply growth reached a peak of 42% in the middle of fiscal 2021-22. 
The CBI said the monetary base had lost momentum in the year to March 2022, though, data indicate significant increase on a monthly basis. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com