EghtesadOnline: The first transactions were reported under the newly unveiled Open Market Operation on Saturday when 10,000 treasury bills were traded between the Central Bank of Iran and a bank in need of liquidity, an Iran Fara Bourse official said.
EghtesadOnline: In the run-up to opening the Open Market Operation, governor of the Central Bank of Iran is setting up a committee to handle the executive affairs of the OMO.
EghtesadOnline: The Central Bank of Iran is now focused on the upcoming open market operation hoping that the monetary policy would help curb inflationary effects of the ballooning liquidity because previous measures failed to produce the desired results the bank’s governor said.
EghtesadOnline: The highly touted monetary mechanism -- open market operation -- to regulate the interbank market, is getting the final touches and will be launched soon, said the governor of the Central Bank of Iran.
EghtesadOnline: The governor of the Central Bank of Iran says the main function of the open market operation is to help fight inflation by regulating short-term interest rates in the interbank market.
EghtesadOnline: The Central Bank of Iran’s policy to launch Open Market Operation was officially approved by the Money and Credit Council – a major monetary decision-making body – on Tuesday.
EghtesadOnline: Conditions have never been as favorable as they are now for the Central Bank of Iran to launch the much-touted Open Market Operation policy, a financial expert says.
EghtesadOnline: The parliament approved the section of next year’s (March 2019-20) budget bill that allows the Central Bank of Iran to launch secondary markets for trading Islamic bonds issued by the government. The measure is aimed at curbing inflation, the parliamentary news website ICANA reported.
EghtesadOnline: T he Majlis Research Center has a positive opinion about the government decision to launch the Open Market Operation enshrined in the next fiscal that starts in March, calling the move “a critical necessity” to regulate lending by Central Bank of Iran.