Value of money, or M1, stood at 12,742 trillion rials ($35.89 billion), up 56.1% by the end of sixth calendar month to September 22. It jumped 29.2% in six 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 43,206.8 trillion rials ($121.7 billion) -- up 32.9% y/y. It climbed 12.3% in six months – a slower pace compared to M1.
M1 and M2 are the two components broad money. The former refers to the most liquid assets that can be easily turned into cash. Cash is the highest liquidity asset because it can be traded easily and quickly without any effect on its market value.