Beijing, China's central bank conducted 182 billion yuan (about 25.96 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.5 percent Sunday. The move aims to keep liquidity in the banking system reasonable and ample at the end of the quarter, the central bank said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future, Xinhua News Agency reported. Source: Bahrain News Agency
UNSMIL Announces Agreement on Legal Protection for Libyan Civil Society Organizations
Tripoli:The United Nations Support Mission in Libya (UNSMIL) has announced that a significant step has been taken towards providing greater legal protection for civil society organizations in Libya. A final draft of a law has been agreed upon by Libya…