{"id":6252,"date":"2018-12-17T05:35:46","date_gmt":"2018-12-17T05:35:46","guid":{"rendered":"http:\/\/en.azpar.com\/?p=6252"},"modified":"2018-12-22T08:16:12","modified_gmt":"2018-12-22T08:16:12","slug":"money-supply-figure-reaches-new-highs-in-iran-economy","status":"publish","type":"post","link":"https:\/\/en.azpar.com\/?p=6252","title":{"rendered":"Money Supply figure reaches new highs in Iran Economy!"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market News<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 Following the concerns around the volume of&nbsp;money supply&nbsp;in&nbsp;Iran Economy, a new report by CBI shows that this figure surpassed IRR 16,930,000 bn (cUSD 178 bn \u2013 USD\/IRR @ 95,000) on&nbsp;Sep-Oct 2018 with a growth of 20.70% contrary to the previous year. The share of the \u201cmoney\u201d (i.e. cash) part is IRR 2,420,100 bn while the \u201cnear money\u201d consisted IRR 14,518,300 bn of the total amount (47.7% and 17.2% rise respectively). This adds up to the administration challenge meeting the 2019\/20 budget plan bill as concerns over a widespread economic recession grow up.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013&nbsp;Iran CBI is to buy the blocked resources of Iranian exporters, caused by US sanctions, at mutually consented rates according to the CBI deputy foreign exchange affairs. Moreover, exports are able to settle their remaining balances with other importers seek FX for raw materials of other goods. Also, stats of&nbsp;NIMA platform&nbsp;show that a figure of EUR 51 mn by exporters have been supplied into the market of which EUR 42 mn were bought by other importers at an average rate of EUR\/IRR 95,080.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2013 Despite the fact that South Korea officials refused to state the exact number of their oil purchases from Iran after the US exemptions, reliable sources have that this country is to buy between 4 to 6 mn barrels of oil products, mostly condensates, from Iran from now on a monthly basis. A Bloomberg analysis shows that after the lack of supply caused by Iran sanctions, the production volume of both Saudi Arabia and UAE hit all-time record highs.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/12\/Untitled-1.jpg\" alt=\"\" class=\"wp-image-16098\"\/><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">In the Market<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Equities extended losses to trade considerably lower on today\u2019s session as investors are super suspicious&nbsp;about the future of the capital market and in general the nation\u2019s economy. This trend led to a situation that made stocks to get traded at very low valuations despite better than expected performances.<strong>&nbsp;TEDPIX (-1.21%)<\/strong>&nbsp;lost another important support&nbsp;level of&nbsp;<strong>160K<\/strong>&nbsp;while&nbsp;<strong>IFEX (-0.93%)<\/strong>&nbsp;settled&nbsp;somewhere below&nbsp;<strong>1,810<\/strong>&nbsp;level.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In general, it seems that there is no place to hide in the market and expect a few small-cap sectors others are doomed to go even lower. Giants of the market like heavy-weighted&nbsp;<strong>Metals (-2.92%)<\/strong>&nbsp;and<strong>&nbsp;Iron Ores (-1.95%)<\/strong>&nbsp;were with massive sale force today as concerns over a weak global market of commodities are growing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the flip side, the small-cap fundamentally broke&nbsp;<strong>Auto (+3.40%)<\/strong>&nbsp;sector showed signs of reviving in wake of price jumps and almost all its components ended the day in good demand. However, most of them&nbsp;could not hold to their buy queues as the general sentiment was with added sale pressures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally,&nbsp;the investors of mid-weighted&nbsp;<strong>Banking (-1.27%)<\/strong>&nbsp;sector got impatient with all the on and off rumours and ended the day with massive losses which got worse towards the ending bell.&nbsp;<strong>Mellat Bank (BMLT, -3.19%)<\/strong>, despite a handsome support from its market maker, plummeted to below&nbsp;<strong>IRR 2,000<\/strong>&nbsp;region after a good performance of&nbsp;<strong>+100%<\/strong>&nbsp;during the last couple of months.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/12\/2018-12-17_133928.jpg\" alt=\"\" class=\"wp-image-16089\"\/><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/12\/2018-12-17_133934.jpg\" alt=\"\" class=\"wp-image-16090\"\/><\/figure><\/div>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/agahgroup.com\/wp-content\/uploads\/2018\/12\/2018-12-17_133941.jpg\" alt=\"\" class=\"wp-image-16091\"\/><\/figure><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Source:<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>2018,&nbsp;<\/em>Money Supply&nbsp;figure reaches new highs in&nbsp;Iran Economy!<em>, Monday, Dec 17&nbsp; p.1,<a href=\"http:\/\/agahgroup.com\/money-supply-new-high-iran-economy\/\">&lt;https:\/\/agahgroup.com&gt;<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market News \u2013 Following the concerns around the volume of&nbsp;money supply&nbsp;in&nbsp;Iran Economy, a new report by CBI shows that this figure surpassed IRR 16,930,000 bn (cUSD 178 bn \u2013 USD\/IRR @ 95,000) on&nbsp;Sep-Oct 2018 with a growth of 20.70% contrary to the previous year. The share of the \u201cmoney\u201d (i.e. cash) part is IRR 2,420,100 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,28],"tags":[],"class_list":["post-6252","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-news"],"_links":{"self":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6252","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6252"}],"version-history":[{"count":3,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6252\/revisions"}],"predecessor-version":[{"id":6269,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/posts\/6252\/revisions\/6269"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=\/wp\/v2\/media\/6253"}],"wp:attachment":[{"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6252"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.azpar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}