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
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

Have a Story? Send Us a tip
arrow up