Central bank decisions to support the private sector Banks not compliant with circulars

n a poll conducted by Infopro Research, banks have rejected more than 90 percent of applications from companies wishing to benefit from BDL circulars (552 and 547) that allow zero-interest loans to cover salaries and operating expenses during the Covid-19 lockdown. BDL had first issued ‘Circular 547’ allowing banks to borrow from the Central Bank at zero-percent interest (in either lira or dollar) and relend the money