TOKYO- $34.85 billion (29.92 billion pounds) has been borrowed by banks from the Bank of Japan’s one-week dollar funding operation on Monday.
Dollar liquidity remained tight in the financial markets with various players currency hoarding needed for international settlements.
Last week, the Bank of Japan said that it would conduct dollar funding operations every day in over the next few weeks to ease market tensions as investors braced for a global recession.
(Photos syndicated via Reuters)
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