CBI Says: OMO Timely and Apt

The new monetary policy of the Central Bank of Iran was timely and appropriate during the difficult economic conditions, head of the CBI's department for open market operation said.  
Reza Boustani said open market operations have been innovative and to a degree helped overcome tough economic times like the pandemic plague and the US economic blockade. 
"Overcoming these tough times demanded innovation foresight. The central bank was long mindful about the need to reform monetary policy instruments," he was quoted as saying by the CBI website.