Iran’s CB May Tap OMO to Aid Economy

The Central Bank of Iran is ready to use its new open market operation system to help government address some of its economic problems triggered by the tough US sanctions, the CBI governor said. 
“Drawing on the experience of central banks in other countries  in managing monetary policies, the CBI developed a set of [monetary] instruments in the past year and a half,”  Abdolnasser Hemmati said in a note in his social media account.  
With the help of such instruments, Hemmati said, the CBI aims to control economic volatilities and help shore up the economy.
CBI launched the OMO in January as part of its monetary policy to help curb inflation, control interest rates in the interbank market and improve liquidity management.