1-29-11 Central Bank calls on the Government to take advantage of deposits banks instead of borrowing from

Highlights/Thoughts
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1.The CBI developed a plan to take advantage of the surplus in cash deposits held in banks as an option for government borrow instead of borrowing from the CBI
2. The state has cash deposits of an estimated $32 tril Dinar
3. The CBI refused to lend the government $5 bil dinar of reserve funds to cover the budget
4. The CBI said that loaning the government money from the reserves is illegal

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