However, as only local currency KM was included in the base for required reserve settlement, it resulted in unequal position of the local currency compared to deposits in foreign currency. 2. Cash held by banks in their vaults will no longer be eligible for maintenance of required reserves.
It will be possible to meet the requirement only with deposits held by banks in the reserve accounts with the CBBH. 3. Now, the CBBH can determine the rate at any level within the scope of 0-20%. This change will provide more flexibility to our Governing Board. The required reserve rate has already been defined.