Banks Fall in Line, Create Less Money 

The Economy Ministry says creation of money by banks was cut by a third in the first four months of current fiscal year (March 20-July 22). 
In a press statement seen on its website, the ministry said outstanding loans of banks and credit institutions grew almost 5.3% compared with the same period of last year. 
“This is while in the first four month of last year, unpaid loans grew 16.5% on an annualized basis,” it said, adding that outstanding loans saw 67.8% decline or a third from last year.