60552
Money Supply Surges 26%
Money Supply Surges 26%

Money Supply Surges 26%

Money Supply Surges 26%

Money supply has reached 11,966 trillion rials ($316.5 billion) by January 19, 2017, to mark a 26% surge compared with the same period of last year, said the Central Bank of Iran’s governor. “The reason for this 26% growth in liquidity during the 12 months to January 19 was the 17.3% and 7.4% increase in the monetary base and money multiplier respectively,” Valiollah Seif was also quoted as saying by Mehr News Agency. The CBI chief said the main reason for the surge in monetary base is not only the debts of the banking system to CBI due to their internal and balance sheet problems, but also the guaranteed purchase of strategic agricultural products by the government and its financing of small- and medium-sized enterprises.

 

Short URL : https://goo.gl/4LHzgj
  1. https://goo.gl/bPVVWm
  • https://goo.gl/iR2PkL
  • https://goo.gl/yw5mSE
  • https://goo.gl/6OqWof
  • https://goo.gl/DOOoyp

You can also read ...

Iran-Iraq Bank Can Help Boost Trade
The head of Iran-Iraq Chamber of Commerce believes that the...
INTA Defends Monitoring of Bank Transactions
Head of the Iranian National Tax Administration Kamel Taqavi-...
Banks’ Fiscal H1 Loan Portfolio at $68b
The Iranian banking system paid out 2.7 quadrillion rials ($67...
The cost of releasing an album in the European countries is far higher than in Iran.
It’s tough to be a musician in Iran and tougher for music...
Iran Biggest Mideast Producer, Consumer of Footwear
Iran is the biggest producer and consumer of footwear in the...
Loan Rate Cut on MCC Agenda
Declaring that banks have now reduced the interest on their...
Banana Imports Top $260m
Around 347,000 tons of fresh green or dried bananas worth $267...
284% Rise in Refined Vegetable Oil Exports
Iran exported 2,318 tons of refined vegetable oil during the...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus