17 Noiembrie 2009
NBR cuts reserve requirements for FX liabilities to 25%
The policymaking group of the national Bank of Romania has cut today the required reserve ratio for fx-denominated liabilities from 30% to 25% citing “the delay in the disbursement of external funds”.
“In the context of postponed disbursement of external funds, covering the financing needs of the governmental sector in the last quarter of the year while maintaining macroeconomic balances requires us to secure proper financing conditions in the domestic banking industry”, said the central bank after the session that was not announced beforehand.