Open market operations predicted in Iran’s 2019 budget bill

Financial Tribune – The mechanisms for implementing open market operations, as an effective measure to control and implement monetary and interest rate policies, have been included in next year’s (March 2019-20) budget bill, said the governor of Central Bank of Iran.

Abdolnasser Hemmati, noted that next year’s budget has been devised according to the “special economic circumstances”.

According to the CBI official website, at a meeting of the Supreme Council of Economic Coordination on October 3, permission was granted to CBI to start market operations according to which the CBI could trade in Islamic bonds issued by the government as part of a plan to implement its monetary policies.