Central Bank of Iran data show relatively higher growth in assets that can be readily cashed compared to less liquid assets.
M1 stood at 12,798.7 trillion rials ($36.25 billion), up 56.3% by the end of seventh calendar month to October 22. It jumped 29.7% in seven months since the beginning of fiscal year in late March.
Quasi-money, or M2, which reflects less liquid assets grew at a slower pace to 43,971 trillion rials ($124.5 billion) -- up 29% y/y. It climbed 14.3% in seven months.
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.