In the call money market - used for the calculation of MIBOR benchmark - non-banks were phased out beginning from 2001. Prudential limits on borrowing and lending in the call money market by banks and primary dealers were also put in place in 2002.
In particular, we highlight the main economic developments which have affected our operations and policy implementation. The focus of this address is on the main operational areas of the Bank including monetary policy and its implementation, gold and foreign-exchange reserves management, financial stability issues, the national payment system, banking regulation and supervision, international cooperation and internal administration.