Regulatory Alerts2021-01-07
Instruction No. 010-DOM/20 of 14 December 2020 repealing the provisions of Instruction No. 001-DOM/20 of 10 April 2020 on special provisions applicable to banks concerning the mandatory reserve system
The Central Bank of Madagascar issued Instruction No. 010-DOM/20 to formally repeal all provisions of Instruction No. 001-DOM/20 dated 10 April 2020, which had established special rules for banks regarding the mandatory reserve system. This repeal takes effect on 1 January 2021, thereby removing the temporary or specific reserve requirements previously mandated by the April instruction. The directive ensures that banks will instead operate under the general mandatory reserve framework outlined in Instructions No. 008-DOM/19 and No. 009-DOM/19.
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