Surge in Money Supply
EghtesadOnline: Data released by the Central Bank of Iran show relatively higher growth in assets that can be readily changed into cash compared to less liquid assets.
Value of money, or M1, stood at 12,163 trillion rials ($33.3 billion), up 55.6% by the end of fifth calendar month to August 22. It rose 23.3% in five months since the beginning of fiscal year in late March.
Quasi-money, or M2, which reflects less liquid assets grew at a slower rate to 41,854.8 trillion rials ($114.6b) -- up 33.3% y/y. It climbed 8.8% in five months – a slower pace compared with M1.
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