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MANAMA: The first conventional interbank repurchase (repo) transaction denominated in Bahraini Dinars has been executed by the National Bank of Bahrain (NBB) in conjunction with Standard Chartered Bank.
This follows the launch of the interbank repo product by the Central Bank of Bahrain (CBB) for the government’s conventional securities as a part of the regulator’s efforts towards the developing the banking sector, promoting liquidity management and building a liquid and reliable secondary market curve for conventional retail banks .
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