M1 Growth Surging
EghtesadOnline: Value of money, or M1, stood at 11,820 trillion rials ($39.4 billion), up 57.6% by end of fourth calendar month to July 22. It rose 19.8% in four months since the beginning of fiscal year in late March.
Data released by the Central Bank of Iran show higher growth in assets in the financial system that can be readily changed into cash, compared with growth of less liquid assets.
Value of money, or M1, stood at 11,820 trillion rials ($39.4 billion), up 57.6% by end of fourth calendar month to July 22. It rose 19.8% in four months since the beginning of fiscal year in late March.
This is while quasi-money, or M2, which reflects less liquid assets, grew at a slower rate. M2 was 40,681.4 trillion rials ($135.6b), increasing 32.5% annually. It climbed 5.8% in the first four months – a slower pace compared with M2.
Send Comment