Tight Control Over Money Supply: CBI

EghtesadOnline: The monetary base was in the region of 6,907.3 trillion rials ($21.04 billion) rising 14.4% over six months, CBI data showed

News ID: ۷۵۱۹۳۹

29 October 2022

The Central Bank of Iran said broad money and the monetary base continued to descend in the calendar month to Sep 22.

Broad money stood at 55,949.3 trillion rials ($170.47 billion) in the period, up 15.8% in six months, but 1.2 percentage points lower on the corresponding period last year. On annualized basis, it increased 37.5% as of Sep 22.

Likewise, the monetary base was in the region of 6,907.3 trillion rials ($21.04 billion) rising 14.4% over six months, CBI data showed.

The regulator said the growth tamped down as the monetary base had expanded 13.1% in the first six months of the last fiscal year -- 1.3 percentage points decline y/y. It rose 33.1% in 12 months, up 2.7 percentage points from annualized growth of 30.3% the month before.