Money in Iran

Iran Money | Economic News & Forecasts

Iran - Money

Economic prospects worsened over the past month, on the rapid spread of coronavirus in Iran and with the official death toll rising in recent weeks. The virus is weighing heavily on the transportation and tourism sectors, as government officials restricted travel in and out of highly affected areas. This comes after the U.S. implemented sanctions on Iran’s manufacturing and transportation sectors in January, which should be stunting the non-oil private sector. Exacerbating matters, crude oil production contracted nearly a quarter year-on-year in January, and at a slightly sharper rate than in December. Moreover, weaker factory activity in China due to the coronavirus, a breakdown of OPEC+ cooperation and a moderating global growth outlook have weighed heavily on oil prices since the start of the year, and should be dragging on government revenues.

Iran - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)22.3  30.0  23.2  22.1  23.1  

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Iran Money
Note: Annual variation of M2 in %.
Source: World Bank.

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