Regulatory Alerts2015-02-03
Circular 002 on Mandatory Reserve Rates for Financial Institutions
The Central Bank of the Comoros issued Circular 002/2015 to establish the mandatory reserve requirement for financial institutions accepting public funds at 15% of the calculation base. This regulation supersedes the previous circular dated December 30, 2013, and became effective immediately upon its signature on January 28, 2015. The directive is grounded in national laws governing currency, banking activities, anti-money laundering, and credit leasing.
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