BoB engages consultant to boost interbank activity
Friday, December 08, 2023 | 210 Views |
![Deal done: BoB and Frontclear representatives signing the MoU on Monday](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/12/08/94655.jpg&w=800&q=72&f=jpg&t=1)
Deal done: BoB and Frontclear representatives signing the MoU on Monday
Under the agreement signed this week in Gaborone, the central bank will work hand in hand with Frontclear on drafting a money market diagnostic framework, a policy that will guide money market operations in the country.
The local money market is a component of the economy that deals with the trading of short-term debt and currencies between financial institutions. Conventionally in Botswana, the trading of currencies and short debt options between local banks has been plagued by low activity due to the central bank’s heavy involvement.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...