Money market revamp would help transmit policy in Iran – IMF

The Central Bank of Iran
The Central Bank of Iran
Ensie & Matthias/Flickr

The International Monetary Fund has urged Iran’s authorities to deepen domestic money markets to allow the country’s central bank to conduct policy more effectively.

At present, the Central Bank of Iran (CBI) uses a system of “directed credit targets” and interest rate caps to set monetary policy, largely because limited securitisation of government debt and shallow markets hamper its ability to conduct more conventional interest rate policy.

An overhaul of Iran’s debt-management strategy

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