Regulatory Alerts2023-01-25
Circular No. 01/EMO/2023, of January 25 - Approval of the Mandatory Reserve Incidence Rate and Revocation of Circular No. 06/EMO/2021, of September 14
The Bank of Mozambique issued Circular No. 01/EMO/2023 to set the mandatory reserve incidence rates at 28.00% for national currency and 28.50% for foreign currency. The directive becomes effective for the reserve establishment period beginning February 22, 2023, and officially revokes Circular No. 06/EMO/2021 and all contrary provisions. Any questions regarding the interpretation or application of these rates must be submitted to the Bank's Markets and Reserve Management Department.
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