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BoG revises directive on Net Open Position limits

todayFebruary 11, 2026

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Banks shall not hold long positions in pound, euro and other currencies, according to the revised directive of the Net Open Position (NOP). According to the directive, the Single Currency Position limit for each currency shall range from 0% to -10% of Net Own Funds (NOF). Daily changes in NOP, excluding contingent liabilities, shall be […]

Source: www.myjoyonline.com

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