Iran - Broad money growth (annual %)

The value for Broad money growth (annual %) in Iran was 27.96 as of 2016. As the graph below shows, over the past 55 years this indicator reached a maximum value of 43.90 in 1976 and a minimum value of 9.74 in 1961.

Definition: Broad money (IFS line 35L..ZK) is the sum of currency outside banks; demand deposits other than those of the central government; the time, savings, and foreign currency deposits of resident sectors other than the central government; bank and traveler’s checks; and other securities such as certificates of deposit and commercial paper.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1961 9.74
1962 25.67
1963 19.34
1964 16.03
1965 14.95
1966 14.26
1967 19.15
1968 15.52
1969 17.74
1970 17.96
1971 24.01
1972 35.25
1973 30.29
1974 42.80
1975 34.75
1976 43.90
1977 26.09
1978 23.41
1979 35.54
1980 26.31
1981 16.36
1982 25.64
1983 18.68
1987 19.26
1988 20.10
1989 22.52
1990 17.99
1991 25.58
1992 24.38
1993 30.25
1994 33.30
1995 30.09
1996 32.46
1997 23.68
1998 20.38
1999 21.50
2000 35.37
2001 29.31
2002 28.41
2003 27.26
2004 28.68
2005 32.85
2006 36.35
2007 33.90
2008 11.88
2009 27.03
2010 24.58
2011 20.17
2012 33.98
2013 26.04
2014 35.10
2015 24.37
2016 27.96

Limitations and Exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries.

Statistical Concept and Methodology: Money and the financial accounts that record the supply of money lie at the heart of a country’s financial system. There are several commonly used definitions of the money supply. The narrowest, M1, encompasses currency held by the public and demand deposits with banks. M2 includes M1 plus time and savings deposits with banks that require prior notice for withdrawal. M3 includes M2 as well as various money market instruments, such as certificates of deposit issued by banks, bank deposits denominated in foreign currency, and deposits with financial institutions other than banks. However defined, money is a liability of the banking system, distinguished from other bank liabilities by the special role it plays as a medium of exchange, a unit of account, and a store of value.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Monetary holdings (liabilities)