Financial and Banking News
BMA Lifts all Restrictions on Local Currency Deposits
The Bahrain Monetary Agency (BMA) has cancelled all its restrictions oninterest rates for local currency deposits. The move, which took effect on 16June, is the latest in a series of measures designed to give market forces agreater role in the determination of local interest rates. In March 1989 the BMAremoved restrictions on deposits with maturities over six months, and...