Regulatory Alerts2026-01-01
Circular N01-26/BCC/DESM on Mandatory Reserve Coefficients and BCC Interest Rates
The Governor of the Central Bank of the Comoros issued a monetary policy decision establishing a 10% mandatory reserve maintenance rate and a 15 billion FC liquidity absorption ceiling. The directive sets specific interest rates for various operations, including a 2.5% limit for liquidity tenders and state advances, a 5.5% marginal lending facility rate, and an 8.5% penalty for reserve requirement non-compliance. This circular abrogates all prior contrary provisions and entered into force immediately upon its signature on January 9, 2026.
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