Former Iran Commercial Bank Governor Blames Fiscal Deficit, Money Supply Growth for High Inflation

Cointime reports: Iran’s inflation stems from fiscal deficits and continuous growth in money supply, the former governor of Bank Tejarat said in an interview with the Iranian Students’ News Agency (ISNA). Over the past 30 years, Iran’s money supply has grown 30% to 40% annually, sometimes exceeding 50%, while economic growth has not kept pace. Inflation cannot be curbed unless the government achieves fiscal discipline, he said.