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Banks and financial institutions are allowed to keep foreign currency (non-deliverable forward) up to 20 percent of primary capital. The provision was made through the semi-annual review of the monetary policy issued by the National Bank on Tuesday. Previously, there was a provision to keep foreign currency up to 15 percent of primary capital.
"In the case of non-deliverable forwards, the existing limit of 15 percent of primary capital will be increased and maintained at 20 percent," said the review of monetary policy.
