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Tuesday, November 17, 2009

Romania: Central bank cuts required reserve ratio on forex liabilities in surprise move. 


Source: IntelliNews - Romania Today


Central bank cuts required reserve ratio on forex liabilities in surprise move.  The central bank’s monetary board reduced yesterday in an extraordinary meeting the required reserve ratio on foreign currency liabilities by 5pps to 25% with the declared purpose of addressing the impact of the IFIs postponing...


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