edyle
08-09-2010, 12:27 PM
From:
http://www.central-bank.org.tt/monetary_policy/index.php?pid=2003
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Reserve Requirement
All licensed financial institutions are required to maintain a certain percentage of the deposits that are placed with them in a non-interest bearing account at the Central Bank. By varying this percentage, the Central Bank influences the ability of the commercial banks to ‘create’ money.
The Central Bank has been reducing its reliance on the Statutory Reserve Requirement as a major tool of monetary policy management. In October 2003, the Central Bank announced the following phased plan for the reduction of the reserve requirement.
* Phase 1 (a four percentage reduction in the reserve requirement from 18% to 14% was effected on October 22, 2003 );
* Phase 2 (a three percentage reduction in the reserve requirement from 14% to 11% was effected on September 10, 2004 );
* Phase 3 (a two percentage reduction in the reserve requirement from 11% to 9%). The implementation of this final phase has been deferred pending the existence of the appropriate economic conditions.
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Also:
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What We Do
The Central Bank of Trinidad and Tobago undertakes many functions in its day-to-day operations. In particular, the Bank's main responsibilities are to issue and redeem currency; maintain monetary and financial stability; act as banker to the government as well as the commercial banks and protect the external value of the TT
======================
http://www.central-bank.org.tt/monetary_policy/index.php?pid=2003
======================
Reserve Requirement
All licensed financial institutions are required to maintain a certain percentage of the deposits that are placed with them in a non-interest bearing account at the Central Bank. By varying this percentage, the Central Bank influences the ability of the commercial banks to ‘create’ money.
The Central Bank has been reducing its reliance on the Statutory Reserve Requirement as a major tool of monetary policy management. In October 2003, the Central Bank announced the following phased plan for the reduction of the reserve requirement.
* Phase 1 (a four percentage reduction in the reserve requirement from 18% to 14% was effected on October 22, 2003 );
* Phase 2 (a three percentage reduction in the reserve requirement from 14% to 11% was effected on September 10, 2004 );
* Phase 3 (a two percentage reduction in the reserve requirement from 11% to 9%). The implementation of this final phase has been deferred pending the existence of the appropriate economic conditions.
======================
Also:
======================
What We Do
The Central Bank of Trinidad and Tobago undertakes many functions in its day-to-day operations. In particular, the Bank's main responsibilities are to issue and redeem currency; maintain monetary and financial stability; act as banker to the government as well as the commercial banks and protect the external value of the TT
======================