\n Iran\u2019s central bank says money supply in the country reached 101,650 trillion rials in the year to late March.
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Figures by the Central Bank of Iran (CBI) show that the country’s money supply rose by 29.1% in the calendar year to March 20.<\/p>\n
CBI figures published in a Monday report by the semi-official ISNA news agency showed that the entire money supply within the Iranian economy, or what is technically known as M3 money supply, had reached a total of 101,650 trillion rials (over $116.8 billion) at the end of the calendar year 1403.<\/p>\n
The increase was 4.8% higher than the year-on-year rise in the Iranian money supply reported in late March 2024, the lender said.<\/p>\n
CBI figures showed that Iran\u2019s monetary base, which is the cash in circulation in the country and deposits held by its central bank, had risen by 24.5% year on year in late March to reach a total of 13,594.0 trillion rials (more than $15.6 billion).<\/p>\n
The CBI said the expansion last year of Iran\u2019s monetary base was largely due to a major increase in the bank\u2019s net foreign assets, which it said was partly a result of a rise in official exchange rates.<\/p>\n
In previous statements, the CBI had confirmed its assets in foreign banks had increased significantly because of a consistent rise in Iranian oil exports in recent months.<\/p>\n
The CBI has tens of billions worth of deposits in foreign banks which it cannot easily transfer via the dollar-based international banking system because of US sanctions on Iran.<\/p>\n
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