BAKU, Azerbaijan, Mar. 7
By Elnur Baghishov – Trend:
The Central Bank of Iran (CBI) has agreed on the addition of 41.3 trillion rials (about $983 million) in liquidity in open market operations at a minimum of 19.81 percent within a repurchase agreement, Trend reports citing CBI.
The CBI reported that on February 1, five Iranian banks and financial institutions offered the Central Bank of Iran to hold an auction for the purchase of government securities on the open market operations. The proposal called for the sale of government securities worth 95.5 trillion rials (about $2.27 billion) within a repurchase agreement through the interbank market system.
"The buy-sell operations in connection with open market operations worth 62.5 trillion rials (about $1.48 billion) were implemented under the organization of Central Bank of Iran over the recent days. While the buy-sell operations related to repurchase agreement was implemented and two weeks ago," the report said.
In addition, 65.9 trillion rials (about $1.57 billion) worth of government securities belonging to the Central Bank of Iran were sold in two days, the report said.