CBB Launches Interbank Purchase Repurchase Tool

MediaIn \ Agencies 10-12-2018

The Central Bank of Bahrain (CBB) said on Sunday it had launched a repurchase tool to help local banks manage their liquidity.
The CBB said in a statement that the inter-bank repurchase instrument covers traditional government securities denominated in Bahraini dinar.
He added that the move comes as part of the efforts of the CBB to develop banking and in a move to enhance the liquidity management of the Bahraini dinar to the retail banks operating in the Kingdom of Bahrain.
“This tool helps retail banks borrow from the local market at lower interest rates, by securing government bonds and enabling liquidity banks to invest their financial surpluses at lower risk.”