Economy, Business And Markets

Rise in Money Supply

Rise in Money SupplyRise in Money Supply

Central Bank of Iran data shows money supply by the end of the first quarter of the Iranian fiscal year (started March 21) grew to $272 billion ( 816,000 billion rials) marking a 22.7% year-on-year increase. This was while the equivalent of $37 billion was in circulation and the rest $234 billion are demand deposit. Demand deposit rose by 6.4%.