Monetary Base Posts Monthly Decline: CBI   

In a new report the Central Bank of Iran said the monetary base declined on the monthly scale in the calendar month to June 21.
The monetary base stood at 6,403.7 trillion rials ($20.6 billion) as of June 21, marking the end of first quarter of Iranian fiscal year. This was 28.4 trillion rials ($91.6 million) or 0.4% down on the month before. 
In the 12 months to June 21, the monetary base expanded  27.8%, which was 2.7 percentage points lower than 30.7% in the corresponding period last year. 
It grew 6% or 364 trillion rials ($1.17b) in Q1, down 3.2% percentage points from the first quarter of last year.