Regulatory Alerts2025-01-28
Circular No. 01/EMO/2025, January 28 – Approval of the Mandatory Reserve Rate and Revocation of Circular No. 02/EMO/2023, May 31
The Bank of Mozambique establishes mandatory reserve coefficients of 29.00% for national currency and 29.50% for foreign currency bases under Circular No. 01/EMO/2025, issued by its Monetary Stability Department. The regulation takes effect from the reserve establishment period beginning January 29, 2025, and formally revokes Circular No. 02/EMO/2023 alongside all contrary provisions. Any interpretation or application queries regarding these rates must be submitted to the Bank's Markets and Reserve Management Department.
Bank of Mozambique Administration
MONETARY STABILITY DEPARTMENT CIRCULAR NO. 01/EMO/2025
Maputo, January 28, 2025
SUBJECT: APPROVAL OF THE MANDATORY RESERVE RATE AND REVOCATION OF CIRCULAR NO. 02/EMO/2023, OF MAY 31
Pursuant to Article 6 of the Regulation on the Calculation and Establishment of Mandatory Reserves, approved by Notice No. 1/GBM/2023, of April 26, the Bank of Mozambique establishes:
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The mandatory reserve coefficient applicable to the national currency incidence base at 29.00%.
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The mandatory reserve coefficient applicable to the foreign currency incidence base at 29.50%.
This Circular enters into force from the mandatory reserve establishment period beginning on January 29, 2025, and revokes Circular No. 02/EMO/2023, of May 31, and all provisions contrary thereto.
Any doubts arising from the interpretation and application of this Circular shall be submitted to the Markets and Reserve Management Department of the Bank of Mozambique.
BANK OF MOZAMBIQUE Monetary Stability Department Jamal Luís Omar Administrator
FOR A STABLE METICAL AND A SOUND AND INCLUSIVE FINANCIAL SYSTEM FOR METICAL STABILITY AND A SOUND AND INCLUSIVE FINANCIAL SYSTEM w w w . b a n c o m o c . m z