Liquidity levels shoot as BoB rectifies data error

The BoB has revised upwards liquidity figures from January 2016
The BoB has revised upwards liquidity figures from January 2016

An emerging trend of tightening liquidity levels in the banking system has been abruptly wiped off after the central bank extensively revised figures upwards following what it said was ‘the discovery of omissions of certain data’ in the numbers.

A bank’s liquidity refers to its ability to meet all anticipated obligations such as funding loans or debt payments using available funds without having to liquidate other assets.

The recently released Botswana Financial Statistics (BFS) report for July shows liquidity levels are now higher from previously published figures with numbers having been changed upwards from as far back as January 2016.

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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