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Adjustment of the Bank of Greece minimum reserve system to the one applied by the European Central Bank

24/11/2000 - Press Releases

The Monetary Policy Council of the Bank of Greece, by its Act no. 41/23 November 2000:

  • established a transitional regime that will govern credit institutions’ minimum reserves with the Bank of Greece for the period up to 31 December 2000, with a view to ensuring a smooth transition to the minimum reserve system applied by the European Centrel Bank (ECB);
  • clarified that, as from 1 January 2001, the minimum reserves of credit institutions located in Greece shall be subject to the general provisions of ECB Regulations.

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