EghtesadOnline: Why do producers, traders and other economic players complain about lack of resources, despite a 35% growth in money supply? Why are banks struggling with the provision of credit? Abdolnasser Hemmati, the former head of the Central Bank of Iran, prefaced his write-up for the Persian daily Donya-e-Eqtesad with these questions.
EghtesdaOnline: The annual rate of narrow money growth between the years 2018-19 and 2021-22 jumped 50%. It increased to 56.3% during the seven months from the beginning of the current year (ending Oct. 22, 2022)
EghtesadOnline: Central Bank of Iran data show relatively higher growth in assets that can be readily cashed compared to less liquid assets.
EghtesadOnline: Data released by the Central Bank of Iran show relatively higher growth in assets that can be readily changed into cash compared to less liquid assets.
EghtesadOnline: 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
EghtesadOnline: Money supply has jumped to unprecedented levels as government borrowing from the Central Bank of Iran takes on extraordinary proportions.
EghtesadOnline: The ever-expanding money supply and the rising consumer price inflation are products of the domination of fiscal policies over monetary policies, head of the Central Bank of Iran economic department said.
EghtesadOnline: In a report on the economy in the next March 2021-22 fiscal year, the Majlis Research Center said inflation will largely be the inability of the government performance in realizing its budget projections and the stabilizing monetary variables.
EghtesadOnline: Liquidity in Iran crossed 22,623 trillion rials ($165 billion, calculated as per 137,000 rials to a dollar) at the end of the third Iranian quarter (Dec 21), the Central Bank of Iran reported.
EghtesadOnline: Governor of the Central Bank of Iran Abdolnasser Hemmati has announced the bank's decision to alter the liquidity structure by curbing money supply and lowering bank rates.