Monetary Base Expands 42%

September 19, 2021
banking

M acroeconomic data released by the Central Bank of Iran show the monetary base and money supply continued to rise in the month ending August 22.

The monetary base grew 42.1% or 1,530 trillion rials ($5.6 billion) in 12 months to August 22, reaching 5,160 trillion rials ($19b). It was also up 12.4% or 570 trillion rials ($2b) in the five months since the beginning of the current fiscal year in March.

Broad money supply grew 12.8% in five months and climbed 39.1% in 12 months reaching 39,220 trillion rials ($145b).

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