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E-Platform Launched to Screen Interbank Deals
The Central Bank of Iran on Monday unveiled an online platform that will be used to keep track of overnight interbank transactions.
The system is known as “Taba”(Persian acronym for electronic settlement of securities), the CBI said in a press release seen on its website.
Taba is touted as an effective tool to implement monetary policies. Its main function is to register credit exchange among banks for short-term maturity (mainly overnight) under CBI supervision.
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