Regulatory Alerts2024-01-01
Central Bank of Montenegro Reserve Requirements Calculation and Reporting Annexes
The Central Bank of Montenegro issues these annexes to standardize the calculation and reporting of reserve requirements for credit institutions. The documents mandate specific forms for calculating reserve bases based on demand and time deposits, applying defined rates such as 5.5% and 4.5%. They further require detailed reporting on allocated versus calculated reserves and average daily balances across numerous categorized account types.
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