Monetary policy executive operations report

According to Mehr news agency, according to the Central Bank's prediction of the liquidity situation in the interbank market, the position of this bank this week was a repurchase agreement. Therefore, the central bank implemented open market operations in the form of a repurchase agreement in the amount of 2.220 thousand billion Rials.
The monetary policy executive operations report (February 1, 1403) is as follows:
In the framework of managing the required reserves of the Riyal interbank market, the Central Bank implements open market operations on a weekly and case-by-case basis. The operational position of this bank (buying or selling through existing tools) is based on forecasting the state of reserves in the interbank market and with the aim of reducing the fluctuations of the interbank market rate around the target rate, through the publication of a notice in the interbank market system.Taba) is announced.
Following the aforementioned announcement, banks and non-bank credit institutions can, in order to manage their liquidity in the interbank market, send orders up to the deadline set through the interbank market system.Taba) take action.
Banks and non-bank credit institutions can open from Saturday to Wednesday Accreditation regular (receiving credit with collateral from the central bank in the form of a repurchase agreement with the ceiling rate of the interest rate (24%) and in accordance with the established criteria) provided they use Islamic financial bonds.
Source:mehrnews