Central Bank of Iran may be forced to print money to pay government

The Central Bank of Iran
The Central Bank of Iran
Photo: Ensie & Matthias/Flickr

The Central Bank of Iran (CBI) may be forced to print money, potentially adding to the country’s rapid money supply growth, as the government looks for ways to fill a widening gap in its finances.

A proposal ratified in early February by the Iranian parliament would require the central bank to hand over 50% of the profit it makes on currency revaluations from oil sales, which would be paid to the government as a monthly tax.

But while the central bank makes profits on some individual trades

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