Regulatory Alerts2010-01-01
Regulatory Texts 2010 of the Central Bank of the Comoros
The Central Bank of the Comoros issued a series of circulars and instructions in 2010 to regulate banking operations, including setting the mandatory reserve ratio at 30% and imposing a 4% penalty rate for non-compliance. The documents authorized specific financial institutions, such as MCTV and the Sanduk d'Anjouan network, to conduct foreign exchange and money transfer activities under strict limits and reporting requirements. Additionally, the new statutes of the Central Bank were brought into force in December 2010 following ratification by the President of the Union of the Comoros.
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