CBI Lends to Banks under OMO

The Central Bank of Iran says it lent to banks last week in need of liquidity by implementing open market operation.

Financial Tribune- The CBI conducted the repurchase agreement (repo) and gave 26.5 trillion rials ($100 million) to lenders who had announced their need for short-term liquidity.
In a press release posted on its website, the CBI said it had received eight requests from banks wanting to sell government bonds to the CBI under the repo mechanism. That was the second repo operation by the CBI.

Nov 15, 2020