Regulatory Alerts2024-11-05
Instruction No. 005-DOM/24 of November 4, 2024, amending certain provisions of Instruction No. 009-DOM/19 of October 25, 2019, on the mandatory reserve system and repealing Instruction No. 001-DOM/24 of January 29, 2024
The Governor of the Central Bank of Madagascar issued Instruction No. 005-DOM/24 to repeal Instruction No. 001-DOM/24 and amend the mandatory reserve system regulations. The directive establishes a new mandatory reserve coefficient of 15.00% for customer deposits held in both Ariary and foreign currencies by credit institutions. This instruction officially entered into force on November 6, 2024.
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