As a consequence the Eurosystem changed the tender procedure to full allotment at a fixed interest rate, i.e. the Eurosystem stood ready to provide against eligible collateral as much liquidity as the individual banks desired and did so at a fixed rate. The new tender procedure removed any vestiges of uncertainty about liquidity management for banks.
Returning to the community As the country experiences more economic success, it becomes imperative to allow a greater number of our fellow Filipinos to enjoy the gains. Financial inclusion translates to allowing more of our countrymen to save and borrow for productive uses…avail of investment and insurance products and send and receive payments securely and efficiently.