Business And Markets

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
New Measures to Curb Money Supply 
New Measures to Curb Money Supply 

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. 


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