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Home » DPC seeks funding for compensation

DPC seeks funding for compensation

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THE Deposit Protection Corporation (DPC) says about US$25 million is needed to fully compensate the People’s Own Saving Bank (POSB) depositors for value loss.

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The government provided US$400 000 through Kuvimba Mining House to make up for the value loss suffered by small depositors as a result of the exchange rate movement as of February 20, 2019.

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