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.

News ID: ۷۵۱۹۸۴

11 November 2022

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.