Department of Monetary Operations

Update date: 21 Jul 2026, 20:45

Phone: 71-212-60-85

Department Tasks:

develop the monetary policy transmission mechanism and operational framework;
improve and introduce monetary policy instruments, including instruments based on the principles of Islamic finance;
develop mechanisms for forecasting and managing banking system liquidity, as well as emergency liquidity assistance mechanisms;
improve the risk and collateral management framework for monetary policy operations;
ensure the stable functioning of the domestic foreign exchange market;
monitor and analyze foreign exchange and money market operations;
participate in the development of financial market infrastructure;
develop financial derivatives and hedging mechanisms;
strengthen cooperation with international financial institutions and other partner organizations within the scope of the Department's activities.

Department Functions:

conduct operations to provide and absorb liquidity in the interbank money market;
implement mechanisms for forecasting and managing banking system liquidity, including the provision of emergency liquidity assistance when necessary;
monitor domestic foreign exchange market operations and analyze the supply and demand of foreign currency;
develop and improve the regulatory framework governing monetary operations, money market instruments based on the principles of Islamic finance, and derivative financial instruments;
develop financial market infrastructure, introduce instruments for managing foreign exchange and interest rate risks, and cooperate with international financial institutions.