Tight Control Over Money Supply: CBI

The Central Bank of Iran said broad money and the monetary base continued to descend in the calendar month to Sep 22. 

Broad money stood at 55,949.3 trillion rials ($170.47 billion) in the period, up 15.8% in six months, but 1.2 percentage points lower on the corresponding period last year. On annualized basis, it increased 37.5% as of Sep 22.  

Likewise, the monetary base was in the region of 6,907.3 trillion rials ($21.04 billion) rising 14.4% over six months, CBI data showed.

The regulator said the growth tamped down as the monetary base had expanded 13.1% in the first six months of the last fiscal year -- 1.3 percentage points decline y/y. It rose 33.1% in 12 months, up 2.7 percentage points from annualized growth of 30.3% the month before.