Balance of Major Monetary and Credit Aggregates at the End of Tir 1399
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Balance of major monetary and credit aggregates at the end of Tir 1399 Growth rate at the end of the Share in growth at the end of the period Balance (trillion rials) period (percent) (percentage point) Tir Esfand Tir Tir 1399 to Tir 1399 to Tir 1399 to Tir 1399 to 1398 1398 1399 Tir 1398 Esfand 1398 Tir 1398 Esfand 1398 Monetary base (sources) 2,774.3 3,528.5 3,628.6 30.8 2.8 30.8 2.8 CBI foreign assets (net) 2,376.3 3,475.7 3,679.0 54.8 5.8 46.9 5.8 CBI claims on public sector (net) 378.4 156.3 213.5 -43.6 36.6 -5.9 1.6 Monetary CBI claims on banks 1,314.8 1,106.9 1,112.2 -15.4 0.5 -7.3 0.2 Base CBI other items (net) -1,295.2 -1,210.4 -1,376.1 -6.2 -13.7 -2.9 -4.8 Monetary base (uses) 2,774.3 3,528.5 3,628.6 30.8 2.8 Notes and coins in circulation 624.0 701.4 699.0 12.0 -0.3 Deposits of banks and credit institutions with the CBI 2,150.3 2,827.1 2,929.6 36.2 3.6 Ratio of notes and coins with the public to total deposits 0.0254 0.0254 0.0217 -14.6 -14.6 Money Ratio of reserve requirement to total deposits 0.1058 0.1080 0.0971 -8.2 -10.1 Multiplier Ratio of excess reserves to total deposits 0.0094 0.0130 0.0165 75.5 26.9 Money multiplier 7.294 7.006 7.551 3.5 7.8 M2 and contribution of factors affecting M2 growth 20,237.0 24,721.5 27,397.8 35.4 10.8 35.4 10.8 Foreign assets (net) 3,238.8 4,632.3 5,111.9 57.8 10.4 9.3 1.9 Central Bank 2,376.3 3,475.7 3,679.0 54.8 5.8 6.5 0.8 Banks and credit institutions 862.5 1,156.6 1,432.9 66.1 23.9 2.8 1.1 Domestic assets (net) 16,998.2 20,089.2 22,285.9 31.1 10.9 26.1 8.9 Domestic claims 14,623.1 16,955.8 18,643.1 27.5 10.0 19.9 6.8 Claims on government (net) 2,373.3 2,386.7 2,852.0 20.2 19.5 2.4 1.8 Central Bank 202.0 -181.4 -73.0 -136.1 59.8 -1.4 0.4 Banks and credit institutions 2,171.3 2,568.1 2,925.0 34.7 13.9 3.8 1.4 Claims on public corporations and institutions (net) 230.4 406.3 392.2 70.2 -3.5 0.8 0.0 Central Bank 176.4 337.7 286.5 62.4 -15.2 0.5 -0.2 Banks and credit institutions 54.0 68.6 105.7 95.7 54.1 0.3 0.2 Claims on non-public sector 12,019.4 14,162.8 15,398.9 28.1 8.7 16.7 5.0 Other items (net) 2,375.1 3,133.4 3,642.8 53.4 16.3 6.2 2.1 M2 Share of determinants' balance in M2 balance (percent) M2 and its determinants 20,237.0 24,721.5 27,397.8 35.4 10.8 Esfand 1398 Tir 1399 M1 3,186.3 4,273.0 5,559.1 74.5 30.1 17.3 20.3 Notes and coins with the public 501.2 611.4 582.6 16.2 -4.7 2.5 2.1 Sight deposits 2,685.1 3,661.6 4,976.5 85.3 35.9 14.8 18.2 Quasi-money 17,050.7 20,448.5 21,838.7 28.1 6.8 82.7 79.7 Gharz-al-hasaneh savings deposits 1,070.9 1,448.1 1,611.2 50.5 11.3 5.9 5.9 Short-term deposits 6,103.9 7,081.1 7,946.6 30.2 12.2 28.6 29 One-year deposits 9,352.7 11,348.3 11,659.1 24.7 2.7 45.9 42.5 Two-year deposits 32.4 38.9 46.0 42.0 18.3 0.2 0.2 Three-year deposits 0.7 0.6 0.5 -28.6 -16.7 0 0 Four-year deposits 4.5 4.3 4.2 -6.7 -2.3 0 0 Five-year deposits 142.8 94.8 77.1 -46.0 -18.7 0.4 0.3 Miscellaneous deposits 342.8 432.4 494.0 44.1 14.2 1.7 1.8 CBI: Central Bank of the IRI. 1 Table 1 Summary of the Assets and Liabilities of the Banking System (trillion rials) Balance at the end of the month Percentage change Tir 1398 Tir 1399 Tir 1398 Tir 1399 Tir Esfand Tir Esfand Tir to To to to 1397 1397 1398 1398 1399 Tir 1397 Tir 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 8,409.0 9,171.4 9,373.5 11,580.4 13,040.3 11.5 39.1 2.2 12.6 2 Claims on public sector 2,836.3 3,325.5 3,562.7 4,164.9 4,765.3 25.6 33.8 7.1 14.4 Government 2,513.3 3,041.3 3,273.8 3,697.1 4,306.7 30.3 31.6 7.6 16.5 Public corporations and institutions 323.0 284.2 288.9 467.8 458.6 -10.6 58.7 1.7 -2.0 3 Claims on non-public sector 11,271.8 13,126.1 13,791.1 16,220.2 17,603.4 22.4 27.6 5.1 8.5 Others 9,934.0 13,163.0 12,511.6 15,470.0 15,654.1 25.9 25.1 -4.9 1.2 Sub-total 32,451.1 38,786.0 39,238.9 47,435.5 51,063.1 20.9 30.1 1.2 7.6 Below the line items 4,596.1 4,748.7 5,668.3 6,767.9 7,504.3 23.3 32.4 19.4 10.9 Total assets = total liabilities 37,047.2 43,534.7 44,907.2 54,203.4 58,567.4 21.2 30.4 3.2 8.1 Liabilities M2 16,022.5 18,828.9 20,237.0 24,721.5 27,397.8 26.3 35.4 7.5 10.8 M1 2,149.1 2,852.3 3,186.3 4,273.0 5,559.1 48.3 74.5 11.7 30.1 Quasi-money 13,873.4 15,976.6 17,050.7 20,448.5 21,838.7 22.9 28.1 6.7 6.8 Loans and deposits of public sector 890.8 915.9 951.9 1,366.9 1,516.0 6.9 59.3 3.9 10.9 Government 850.7 861.8 900.5 1,310.4 1,454.7 5.9 61.5 4.5 11.0 Public corporations and institutions 40.1 54.1 51.4 56.5 61.3 28.2 19.3 -5.0 8.5 Capital account 390.0 489.2 32.0 -438.9 -373.3 -91.8 # -93.5 14.9 Foreign loans and credits and foreign exchange deposits 5,241.3 5,918.8 6,134.7 6,948.1 7,928.4 17.0 29.2 3.6 14.1 Imports order registration deposit by non-public sector 0.0 0.0 0.0 0.0 0.0 θ θ θ θ Advance payments on Letters of Credit by public sector 0.7 1.7 1.7 1.8 0.7 142.9 -58.8 0.0 -61.1 Others 9,905.8 12,631.5 11,881.6 14,836.1 14,593.5 19.9 22.8 -5.9 -1.6 Sub-total 32,451.1 38,786.0 39,238.9 47,435.5 51,063.1 20.9 30.1 1.2 7.6 Below the line items 4,596.1 4,748.7 5,668.3 6,767.9 7,504.3 23.3 32.4 19.4 10.9 1 Includes Central Bank, banks, and non-bank credit institutions while excludes commercial banks' branches abroad. Meanwhile, with reference to Letter No. 2958 dated Farvardin 8, 1398 by the CBI's Vice-Governor for Banking Supervision Affairs and based on the Approvals by the Money and Credit Council and the Supreme Council of Economic Coordination (the Heads of the Legislative, Executive, and Judicial bodies), data related to Bank Hekmat Iranian have been included in Bank Sepah data as of Khordad 1399. 2 Includes public sector's participation papers. Figures related to banks' and credit institutions' claims on public sector are prepared based on the data kept in the general ledgers of banks and credit institutions and are not audited. 3 As of Mordad 1398, a sum of Rls. 454 trillion worth of facilities extended by Ayandeh Bank was transferred from "current claims" heading to "other assets" heading. Calculation of percentage change is not possible. # More than 500 percent increase. Summary of the Assets and Liabilities of Central Bank Table 2 of the Islamic Republic of Iran (trillion rials) Balance at the end of the month Percentage change Tir 1398 Tir 1399 Tir 1398 Tir 1399 Tir Esfand Tir Esfand Tir to To to to 1397 1397 1398 1398 1399 Tir 1397 Tir 1398 Esfand 1397 Esfand 1398 Assets Foreign assets 4,672.3 4,651.3 4,539.7 5,364.6 5,536.5 -2.8 22.0 -2.4 3.2 Notes and coins 45.2 21.6 33.5 16.1 18.5 -25.9 -44.8 55.1 14.9 Claims on public sector 628.8 958.2 1,053.9 1,158.5 1,341.1 67.6 27.3 10.0 15.8 Government 353.5 731.2 826.1 764.3 993.3 133.7 20.2 13.0 30.0 Public corporations and institutions 275.3 227.0 227.8 394.2 347.8 -17.3 52.7 0.4 -11.8 Claims on banks 1,470.9 1,381.7 1,314.8 1,106.9 1,112.2 -10.6 -15.4 -4.8 0.5 1 Others 260.1 268.4 458.6 319.1 448.5 76.3 -2.2 70.9 40.6 Sub-total 7,077.3 7,281.2 7,400.5 7,965.2 8,456.8 4.6 14.3 1.6 6.2 Below the line items 21.4 28.9 21.3 28.1 21.1 -0.5 -0.9 -26.3 -24.9 Total assets = total liabilities 7,098.7 7,310.1 7,421.8 7,993.3 8,477.9 4.6 14.2 1.5 6.1 Liabilities Notes and coins 562.9 657.5 657.5 717.5 717.5 16.8 9.1 0.0 0.0 With the public 415.6 547.5 501.2 611.4 582.6 20.6 16.2 -8.5 -4.7 With banks 102.1 88.4 122.8 90.0 116.4 20.3 -5.2 38.9 29.3 With the Central Bank 45.2 21.6 33.5 16.1 18.5 -25.9 -44.8 55.1 14.9 Deposits of banks and credit institutions 1,684.5 2,021.0 2,150.3 2,827.1 2,929.6 27.7 36.2 6.4 3.6 Reserve requirement 1,633.4 1,948.0 2,087.2 2,604.7 2,603.5 27.8 24.7 7.1 0.0 2 Sight 51.1 73.0 63.1 222.4 326.1 23.5 416.8 -13.6 46.6 Deposits of public sector 605.3 666.2 675.5 1,002.2 1,127.6 11.6 66.9 1.4 12.5 Government 565.2 612.1 624.1 945.7 1,066.3 10.4 70.9 2.0 12.8 Public corporations and institutions 40.1 54.1 51.4 56.5 61.3 28.2 19.3 -5.0 8.5 3 Capital account 89.5 118.6 95.8 116.3 108.0 7.0 12.7 -19.2 -7.1 Foreign exchange liabilities 2,258.9 2,234.8 2,163.4 1,888.9 1,857.5 -4.2 -14.1 -3.2 -1.7 Imports order registration deposit by non-public sector 0.0 0.0 0.0 0.0 0.0 θ θ θ Θ Advance payments on Letters of Credit by public sector 0.7 1.7 1.7 1.8 0.7 142.9 -58.8 0.0 -61.1 Others 1,875.5 1,581.4 1,656.3 1,411.4 1,715.9 -11.7 3.6 4.7 21.6 Sub-total 7,077.3 7,281.2 7,400.5 7,965.2 8,456.8 4.6 14.3 1.6 6.2 Below the line items 21.4 28.9 21.3 28.1 21.1 -0.5 -0.9 -26.3 -24.9 1 The major reason behind the increase in the CBI’s other assets at end-Tir 1398 compared with the previous year-end has been the CBI’s payments for adjustments on tax liabilities and the government’s share in the CBI’s net profit for 1397.