Full reserve banking system sought

Experts have presented a proposal for implementing full reserve banking, aimed at reducing domestic debt, interest, inflation and unemployment. They said the proposal is more than just a financial blueprint; it is a call to action for a nation grappling with economic instability and the quest for ethical banking. They made the remarks at a programme titled "Full Reserve Banking: a Solution Claiming to Eliminate Domestic Debt, Interest and Inflation", held at the Institute of Chartered Accountants of Pakistan (ICAP) House on Tuesday night. A full reserve system, supported by renowned economists, is the ultimate solution to piling public debt, the burden of interest and rising inflation that is badly hurting the labour class. Implementation of a full reserve system in place of the fractional reserve system will quickly eliminate government debt and interest cost.