The Iranian Central Bank launches for the first time open market operations

Tehran-Sana

The Governor of the Central Bank of Iran, Abdel Nasser Hamti, announced the launch of open market operations in the context of implementing monetary policy, for the first time since its establishment.

Hamti said in a statement today that "open market operations are one of the most important tools of monetary policy for central banks in the world," adding that "the Iranian central bank traditionally manages the monetary basis and liquidity, while the open market is operations in which the central bank sells and buys government treasury bonds through banks."

My interest is that the Iranian Central Bank will regulate the rate of return between banks by buying and selling government treasury bonds to achieve the inflation goals set out, indicating that the launch of open market operations in the bank’s monetary policy will be launched today, which constitutes an important shift in the relationships of local banks with the central bank and affects the overdraft of banks And its debts, deposits, operations between banks or the like.