The Herald: "TRILLIONS of dollars in cash are lying idle at the Reserve Bank as most commercial banks and building societies are failing to collect the money owing to liquidity problems, amid fears that depositors’ money could have been diverted onto the stock market or foreign currency parallel market.
It emerged yesterday that the Reserve Bank was sitting on over $100 trillion in its vaults, which the banks were failing to collect as they did not have equivalent sums or sufficient collateral deposited with the central bank."
It emerged yesterday that the Reserve Bank was sitting on over $100 trillion in its vaults, which the banks were failing to collect as they did not have equivalent sums or sufficient collateral deposited with the central bank."