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Bank of Greece skips this week's tender

03/05/2000 - Press Releases

The Bank of Greece announces that it will not conduct its weekly regular tender for the acceptance of 14-day deposits, on 3 May 2000.

The decision was based on the estimated liquidity shortfall due to the imposition of mandatory deposits on banks which have exceeded credit expansion limits in the 12month period to 31 March 2000.

As of 1st April 2000 these measures for controlling credit expansion ceased to apply.

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