20 percent increase in the money supply over the past year
- Saba Arvand Oil & Gas Development Co., issued Sukuk Al-Intifa’a with value of IRR 10,000 bn, 19% coupon rate, 3 years maturity and semiannually payments. Based on trades on offering date, YTM of these papers is 22.7%.
- According to the latest liquidity statistics published on CBI, the money supply of economy reached IRR 17,252 tr by the end of November 2018, which includes IRR 14,807 tr of near money and IRR 2,446 tr of money. Liquidity grew by 20% over the past year.
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