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OMNL

Monetary authority

Monetary policy

Policy instruments, targets, reserve discipline, and market operations within the Treasury issuance, OMNL EMCB administration, and DBIS settlement model.

Currency and role separation

Public documentation must distinguish Treasury issuance authority, OMNL EMCB administration and supervision, DBIS settlement infrastructure, backing or reserve structure, monetary aggregates, convertibility, and redemption rules.

Policy & operations

Policy instruments, targets, reserve requirements, standing facilities, open market operations, repo / reverse repo, and emergency tools will be described in line with the monetary policy framework once approved.