2015-05-21 | BSD/DIR/GEN/LAB/08/024

Re: New Cash Reserve Requirement

The letter from the Director of Banking Supervision announces changes to the cash reserve requirement (CRR) regime for all banks, including a harmonized CRR rate of 31.0 percent on all deposits, a weekly maintenance period starting May 21, 2015, and clarification on how the CRR rate will be applied and maintained.

Nigeria

Central Bank of Nigeria

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