BoB reins in banks'cash cow

The Bank of Botswana has upped the Primary Reserve Requirement (PRR) for Pula-denominated deposits in a bid to dilute its much-criticised over-reliance on Bank of Botswana Certificates (BoBC) as the chief instrument for mopping up excess liquidity from the market.

Primary reserves are commercial banks' non-interest earning balances maintained at the Bank of Botswana (BoB).

In a statement released by BoB this week, the new policy development will see commercial banks' primary reserve requirement raised from five percent to 6.5 percent with effect from November 1, 2010.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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