February 23, 2024

The Central Bank of Iran (CBI) may be forced to print money, which could add to the country’s rapidly growing money supply as the government looks for ways to plug its widening fiscal gap.

A proposal approved by Iran’s parliament in early February would require the central bank to hand over 50 percent of the currency revaluation profits it makes from oil sales, which would be paid to the government as a monthly tax.

However, while central banks profit from some individual transactions