Ensure that the proportion of the refinancing volume at the CBT that is backed by government securities is at least 20 percent for each bank.
Introduced at R0. Objective: Enhancement of the monetary transmission mechanism. At R1R2, MET. The circulaire has been adopted, and the SB will be met at the time of its implementation. At R4, Circular issued in March 2014 and will take effect on January 1, 2015.