BoB allays fears of looming liquidity crunch
Friday, March 03, 2017
For the first time in 20 months the banking system was recently short, a development analysts feared marked the return of the 2014 liquidity crunch that forced the central bank to intervene and release P2.3 billion into the system to boost liquidity.
Director of financial markets at the central bank, Matthew Wright told BusinessWeek that the reduced liquidity, which was first noticed at the end of November last year, was a temporary occurrence at this time of the year as foreign companies repatriate profits while government does not sell any diamonds in December.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...