Regulatory Alerts2008-02-12
Instruction No. 3 (GR/2008) on Partial Modification of Bank Conditions
The Governor of the Central Bank of Mauritania issued Instruction No. 3 (IG/RJ 2008) to partially modify banking conditions effective upon signature. The directive sets the interest rate on Treasury bills and Central Bank bonds at 12% per annum, establishes the maximum banking margin at 8%, and fixes the minimum interest rate on savings accounts at 8%. While remuneration for other resident deposit forms remains unrestricted, the Instruction supersedes all prior contradictory or duplicative provisions.
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