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
- 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
- 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.