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Tanzania's Central Bank cut bank's minimum reserve ratio to 8%

2017-04-05

Tanzania's Central Bank has cut the banks' cash reserve requirements to 8% of the private sector deposit down from 10% last week and maintained the reserve ratio of the central bank and government deposits at 40%.

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Rand Merchant Bank (RMB) is a diversified financial services brand encompassing investment banking, fund management, corporate banking and advisory services. Rand Merchant Bank, a division of FirstRand Bank Limited, is an Authorised Financial Services Provider and Credit Provider NCRCP20.