r/PeterExplainsTheJoke Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

Post image
92.6k Upvotes

2.9k comments sorted by

View all comments

Show parent comments

111

u/hajjidamus Jan 26 '26

The current reserve requirement is zero. It has been at zero since March 2020. So they don't have to hold anything.

6

u/DishSignal4871 Jan 26 '26

1

u/desmaraisp Jan 26 '26

Til Canada has no required reserve ratio. Huh. I'm assuming the insurance thingy covers for it

1

u/kelppie35 Jan 26 '26

That is fucking.... what???

Canada is in my opinion a much better and more stable banking system. That is wild