BoB unlocks P2.3bn to boost banks� liquidity

Mohohlo
Mohohlo

The Bank of Botswana (BoB) has moved to ease the prevailing tight liquidity conditions in the banking industry by releasing P2.3 billion into the market.

In a move aimed at augmenting funds available for lending for commercial banks, BoB governor Linah Mohohlo yesterday halved the Primary Reserve Ratio (PRR) for commercial banks from 10 to 5 percent, effective April, 2015 .

Primary reserves are the commercial banks’ deposits held in a special non-interest earning account at the Central Bank.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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