Fifteen banks raced at the bid today, he said.

The period to set up deposits is from April 24 to May 25. Interbank interests for overnight deposits grew in the first part of the day to 11-12 percent per year once the new period to create minimum mandatory reserves with commercial banks started.

Yet, after the BNR bid, interests drove down a bit to 10-11 percent per year, nearing the annual main rate of 10 percent, the dealer added.

BNR posted an average interbank bid rate (ROBID) of 11.76 percent a year, over the 5.79 percent of the previous session and the interbank offer rate for overnight deposits (ROBOR) increased to12.26 percent, from 6.56 percent.