Thursday, November 13, 2008

BC amends rules to make compulsory resources in cash to banks

The Central Bank announced on the morning of Thursday (13), plus a change in the rules of compulsory deposits - resources that must be kept in banks by the monetary authority - to assist in the disbursement of loans by financial institutions to their customers, or between them. The new measure takes effect from December 1. 

The aim of the measure, again, is to facilitate, for financial institutions, obtaining the so-called "liquidity" - that scarce with the international financial crisis, whose impact is felt strongest since mid-September. Since then, BC has made a series of changes in the rules of compulsory, freeing up the last Friday (7), U.S. $ 56 billion for the financial market. 

Source: G1

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