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Interbank Market

   Also found in: Wikipedia 0.03 sec.
Interbank market
Financial institutions exchange of currencies between and among themselves.

Interbank Market
The market for the trade of currencies, loans, and other financial instruments between banks. See also: Fed Funds.


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When banks don't trust each other, the interbank market doesn't work and they are cautious about on-lending to clients.
Rising borrowing costs may become a major hurdle Australia's nascent economic recovery in the months ahead: while the RBA has kept benchmark interest rates on hold at 3% since February, the cost of borrowing in Australian Dollars for six months or longer in the interbank market has gradually crept higher over recent months.
KARACHI, July 15, 2009 (Balochistan Times) -- It has now been decided that with effect from August 01, 2009 all purchases of foreign exchange related to import of diesel and other refined products will be made by the banks from the interbank market, said circular issued from State Bank of Pakistan here on Wednesday.
 
 
 
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