Regulatory Alerts2024-12-18
Law No. 2024-042/PR Repealing and Replacing Law No. 2018-034/PR of August 8, 2018 on the Statutes of the Central Bank of Mauritania
The Presidency of the Republic of Mauritania promulgated Law No. 2024-042/PR to repeal and replace the 2018 statutes governing the Central Bank of Mauritania, formally establishing it as an independent national public institution with guaranteed political, administrative, and financial autonomy. The legislation restructures the bank’s governance into four specialized decision-making councils—the General Council, Monetary Policy Council, Prudential and Financial Stability Council, and Payment Systems Council—while imposing strict independence safeguards, conflict-of-interest prohibitions, and mandatory Sharia compliance oversight. It further mandates comprehensive internal audit frameworks, standardized appointment and dismissal procedures for council members, and detailed operational protocols to ensure transparent management and systemic financial stability.