Monthly Decline in Broad Money

Data released by the Central Bank of Iran show broad money registered a slight monthly decline in the first month of current fiscal year ending April 20. 
Broad money stood at 48,234 trillion rials ($155 billion) by that period, which was 0.2% or 90 trillion rials ($290 million) lower on the month before. Data also indicate an increase of 38.2% or 1,333 trillion rials ($4.3 billion) over 12 months to April 20. 
The CBI did not release data on the monetary base in its analytic report of key macroeconomic variables that is released every month.   
According to data compiled by the EcoIran web TV, Financial Tribune's sister media outlet, this was the first time in recent years that the monthly growth of broad money was negative.