DMMD Circular No. 20 of 2011 |
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The Presidents/Chief Executives
All Banks/DFIs
Dear Sirs/Madams,
Maintenance of Cash Reserve Requirements (CRR)
Please refer to BSD Circular Letter no. 08 dated April 30, 2010; BSD Circular No. 06 dated May 08, 2003: BSD Circular No. 04 dated May 22, 2004 and instructions on the captioned subject issued from time to time:
- It has been decided that, for the purpose of maintaining CRR during the week starting from Friday and ending on following Thursday, Time and Demand Liabilities (TDL) as of close of business on previous Friday (i.e. with lag of one week) will be taken into account for determination of required CRR. If previous Friday is a holiday then TDL as of close of business on preceding working day will be taken into account.
- The above instructions will be effective from 18th November 2011 which means that during the week starting from 18th November 2011 and ending on 24th November 2011, TDL as of 11th November 2011 will be used for maintaining CRR.
- All other instructions on the subject shall, however, remain unchanged.
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Yours truly
(Muhammad Ali Malik)
Director
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