摘要：Money market operations (open market operations) constitute the most important instrument of the monetary policy of the NATIONAL BANK of ROMANIA. They shall be carried out on the initiative of the Central Bank,having the following functions: guiding interest rates,managing the liquidity conditions of the monetary market and signaling the orientation of the monetary policy. In this context,a systematic and a market organization is essential) able to adapt to the new conditions imposed by the relaxation of credit operations. Implementation and operational systematization of such types of transaction can help banking entities in adjusting the liquidity crisis and the support on the way to economic growth.
