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
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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