Abdolnasser Hemmati, the Governor of the Central Bank, on Tuesday presented the latest statistics regarding the growth of the money supply, stating that by the end of Mordad, the growth of the money supply compared to the end of the year 1404 was 19%. This is while the growth of the money supply in the first 5 months of last year was 18%.
Hope for a Reduction in the Acceleration of Inflation Growth
Hemmati expressed hope that by controlling the growth of the money supply, the acceleration of inflation growth, which began in Tir, would continue in Shahrivar as well. This goal is one of the main strategies of the Central Bank to prevent excessive price increases and maintain the purchasing power of the people.
Read more: Iranian Rice in the Market: Prices and Supply Situation on the Verge of New Changes
Financing Production and Chain Tools
The Governor of the Central Bank also referred to the efforts of this institution in financing production and stated that the Central Bank and the banking system, focusing on this issue in the first 5 months of the year, have financed 4,100 trillion tomans through production facilities. This figure has experienced a 68% increase compared to the same period last year.
Additionally, financing through chain tools has reached 269 trillion tomans since the beginning of the year. These tools help businesses easily secure the financial resources they need, thereby contributing to increased production and employment in the country.
Hemmati emphasized the importance of these actions, stating that controlling liquidity and inflation alongside supporting production are among the main priorities of the Central Bank. He also pointed out that these actions will help improve the economic situation of the country and achieve developmental goals.
Finally, Hemmati assured citizens that the Central Bank is making every effort to optimally manage financial resources and prevent economic fluctuations, and he hopes that with the cooperation of all institutions and economic sectors, they can help reduce economic problems and increase public welfare.
Read more: Hojjatollah Seydi: The Stock Market Outlook Will Stabilize in the Next Six Months · Request from the Workers' Representative for Wage Increase in the Second Half of the Year
