Changing the rate of the minimum mandatory reserves for funds in national currency

In the Official Gazette of Romania, Part I, no. 746 dated 13 October 2014 was published the Circular no. 33/2014 issued by the Board of the National Bank of Romania for amending the rate of the minimum mandatory reserves for funds in national currency.

Starting with the application period 24 October – 23 November 2014, the rate of the minimum mandatory reserves for funds in national currency with a maturity of less than two years since the end of the observation period and funds in national currency with residual maturity of over two years since the end of the observation period, which provide contract terms regarding repayments, withdrawals and anticipated transfers shall be established at an expected level of 10%.

:: The source: JURIDICE.ro

Adina Elena OPREA

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