The Central Bank of Iran says annualized broad money growth has been of the declining order.
Broad money stood at 49,434.7 trillion rials ($159.5 billion) -- down 37.3% to May 21. This was the lowest annualized growth in 18 months, the CBI said in its latest report on economic developments.
Compared to the end of the last fiscal year (March 21), however, the growth was 2.3% higher in the two-month period, but down 1.3% percentage points from the rate in the same period last year.
The monetary base expanded by 30.5% in 12 months to reach 6,432.1 trillion rials ($20.7b). It increased 6.5% in the first two months of the current fiscal year, which was 0.9 percentage points lower than the 7.4% rise in the same period last year.
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