Bank Negara extends flexibility for banks to use MGS, MGII

Bank Negara Malaysia has extended the flexibility for banking institutions to use MGS and MGII to meet the Statutory Reserve Requirement (SRR) until Dec 31,2022.

KUALA LUMPUR: Bank Negara Malaysia has extended the flexibility for banking institutions to use MGS and MGII to meet the Statutory Reserve Requirement (SRR) until Dec 31,2022.

In a statement issued on Wednesday it said this flexibility for them to use the Malaysian Government Securities and Malaysian Government Investment Issues -- previously announced on May 5 last year – is currently applicable until May 31, 2021.