Iran money supply up 28.4% y/y in late January: CBI
Figures by the Central Bank of Iran (CBI) show that the country's money supply grew by nearly a third in the year to late January.
CBI figures published in a Sunday report by the official IRNA news agency showed that the entire money supply within the Iranian economy, known by economists as the M3 money supply, had reached a total of 97,233.0 trillion rials (over $104.5 billion) on January 19, up 28.4% compared to figures recorded on the same day in 2024.
The increase was 3% higher than the year-on-year rise in the Iranian money supply reported in late January last year, the bank said.
CBI figures showed that Iran’s M3 money supply in late January had increased by 23.4% compared to the end of the last calendar year in late March 2024.
The lender also said that Iran’s monetary base, which is the cash in circulation in the country and deposits held by its central bank, had risen by 21.2% year on year in late January to reach a total of 12,409.0 trillion rials (more than $13.3 billion).
It said the figure was an increase of 13.6% compared to the end of the calendar year in late March but a decline of 10.3% from yearly figures reported in late January 2024.
The CBI said a major rise in its net foreign assets in the 10 months to late January had contributed to the expansion this year of Iran’s monetary base.
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Iran money supply up 28.4% y/y in late January: CBI
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