Reserve Bank of Mount Vema increases the debit ceiling

September 02, 2019 - Mount Vema - The Reserve Bank of Mount Vema has increased the debit ceiling from 250 million to 10 billion golles. The increase comes after the Vema Seamount Authority announced two week's ago that he will approve the new proposed budget for the fiscal year 2019/2020, to meet liquidity needs. The budget was approved today, in a clear sign that the economy of Mount Vema is growing, making it easier for Mount Vema institutions to meet overseas payment obligations.