21.   The reduction in the reserve ratio should be implemented as soon as possible to leave room to prepare for the decrease in interest rates, they said.

22.   The report said most countries set bank deposit reserves ratio at four percent to seven percent.

23.   One economist said Mulaisho has been blamed for delaying in bailing out the Meridian Bank, which had failed to meet its statutory reserve ratios with the Central Bank.

24.   Over the past eight years, the financial system has undergone transformation with an emphasis on commercialisation which made the high reserve ratio a heavy burden to bear.

25.   The central bank cut the cash reserve ratio for commercial banks by two percent and slashed interest rates on bank deposits by one percentage point.