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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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