Guatemalan banks request extension of money table

Banking banking system Banks liquidity (money) Bank of Guatemala Monetary Board of Guatemala Banking Association of Guatemala Banking Authority (Guatemala) Economics Finance José Angel López Luis Lara credit risk financial crisis financial system

Economic & Financial Reporter

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Monetary Board of Guatemala, Banking Association of Guatemala, Banco de Desarrollo Rural S.A. (Guatemala), Luis Lara, José Angel López, Bank of Guatemala, banking system, liquidity (money), Banks, Banking, Guatemala

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Source: sigloxxi.com
Tuesday, January 13, 2009

The banking sector requested that the term for the temporary measure of providing liquidity in US dollars via repo transactions be extended.

Sigloxxi.com reports that "Jose Angel Lopez Camposeco, president of the Banking Association of Guatemala (ABG) and the Rural Development Bank (Banrural), commented that the measure worked, "because it is an instrument which gave signals that in case of any need for or suspension of credit, we have resources available."

Read more at the source article by Fernando Quiñónez (only in spanish)

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