The Central Bank of Iran approved approximately 72 trillion tomans out of 359 trillion tomans requested by 15 banks for open market operations this week, according to Iran news reports. The approved amount represents about one-fifth of the requested liquidity.
This week's open market operation reveals the depth of the liquidity squeeze in Iran's banking system. The central bank approved only 72 trillion tomans of the 359 trillion tomans requested by 15 banks — roughly 20% of demand.
The development comes as Iran's banking sector continues to grapple with a severe crisis. The Zioneer has previously reported on the accumulating damage: an estimated 100 trillion tomans in losses as of July 12, with major banks still unable to process transfers and deposit interest payments more than 25 days after the crisis began. The central bank governor, Abdolnaser Hemmati, disclosed in late June that $12 billion in frozen funds would be released under the emerging US-Iran memorandum of understanding, though the liquidity crisis within the domestic banking system persists.
Economist Farhad Biashad Labasani estimated in early August that Iran's banks hold approximately 3,000 trillion tomans in bad debts, valued at $140–160 billion. The latest data on liquidity approval suggests that the central bank's ability to inject cash into the system remains constrained.
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