The Iran Project

Money supply skyrocketing

Financial Tribune – Liquidity in Iran crossed 22,623 trillion rials ($165 billion, calculated as per 137,000 rials to a dollar) at the end of the third Iranian quarter (Dec 21), the Central Bank of Iran reported.

The figure shows 28.2% growth compared to the corresponding month last year. Liquidity grew 20.2% since of the end of last fiscal year in March 2019.

While the monetary base has remained unchanged compared to the earlier month, juxtaposing monthly CBI reports reveals a steady increase in the unprecedented pace of liquidity growth.

CBI had stopped publishing monthly data on money supply and other economic indices in August 2019 before publishing several monthly reports in separate reports on Thursday.

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