August 28, 2022 02:05

New Measures to Curb Money Supply

CBI data show that broad money and the monetary base continued to decline in the calendar month to July 22. Broad money stood at 52,501.4 trillion rials ($181 billion) in the said period, up 8.6% in four months, but 1.3 percentage points lower than the co

The Central Bank of Iran will adopt new measures to further curb the growth of money supply and maintain monetary discipline, the CBI deputy governor said.
Asghar Abolhassani told state TV late on Friday that the CBI is pursuing a comprehensive plan of action and has set a target to curb broad money growth by at least 10-15% by the yearend (March 2023) compared to last year.
“Based on the target, annualized broad money growth should not exceed 35% by the yearend,” he was quoted as saying by the CBI website.

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.

Central Bank of Iran (CBI) News