Moratorium for issuance of new licenses, extended now to Islamic banks too, 2 will remain – exceptions, if any, will require new banks to comply with $ million capital requirements. Meanwhile all existing banks will be provided with a time frame to comply with the new MCR.
So, while it is true that current account deficits are shrinking and governments are doing, in many ways, courageous things, they’re passing reforms, there’s still the question of economic growth. What is your prognosis for the next 12 months? MD Last week we published our new staff projections, showing the beginning of a slow recovery in the second part of next year.