CNB to require banks to create mandatory minimum reserves


The Czech National Bank's (CNB) decision to require banks to create mandatory minimum reserves as of November 6 will create another source of funds for business transactions.

Banks will be able to include funds from cash drawing and deposit accounts (or the subsidy account) in the required minimum reserve limit. Until now, the reserve included only funds at the CNB's clearing accounts.

Source: Prague Business Journal



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Posted on Sep 12, 2003
Region: Czech Republic