Sberbank proposed that the central bank should cancel mandatory reserve requirements - Vedomosti

Sberbank proposed that the central bank should cancel mandatory reserve requirements - Vedomosti
Photo by Ansia Lasa / Unsplash

At present, credit institutions must always keep a minimum percentage of their ruble and foreign currency liabilities in their accounts with the regulator.

Sberbank proposes to rely on the experience of regulators in leading countries as the central banks in England, Canada, Australia, Sweden, New Zealand, and Hong Kong cancelled their required reserves (MRR) requirements.