Repurchase agreement of 68 thousand billion tomans of interbank operations

According to the report of Iran Economist, the central bank announced the report of the executive operations of the bank’s monetary policy.

The Central Bank adds: According to the Central Bank’s prediction of the liquidity situation in the interbank market, the operational position of the Central Bank this week was the repurchase agreement.

Therefore, this bank implemented open market operations in the form of a repurchase agreement in the amount of 684.9 thousand billion Rials.

According to the announcement of the central bank, the report on the implementation of the monetary policy on 14 September 1401 As follows:

In the framework of the liquidity management required by the Riyal interbank market, the Central Bank implements open market operations on a weekly and case-by-case basis.

The operational position of this bank (purchase or sale of bonds through existing instruments) is announced based on the prediction of the liquidity situation in the interbank market and with the aim of reducing the fluctuations of the interbank market rate around the target rate, through the publication of a notice in the interbank market system.

Following the aforementioned announcement, banks and non-bank credit institutions can send orders through the interbank market system by the specified deadline in order to manage their liquidity in the interbank market.

Banks and non-bank credit institutions can open from Saturday to Wednesday Accreditation Regular (receipt of collateral from the central bank) subject to possession of government Islamic financial bonds and in the form of a repurchase agreement with the ceiling rate of interest rate (22 percent).