Regulatory Alerts2020-02-23
Instruction modifying the mandatory reserve ratio for credit institutions in the 'Bank' category
The Governor of the Central Bank of the Republic of Guinea issued Instruction N° 73 /DGCC/DPMC/2017, modifying the mandatory reserve ratio for credit institutions in the 'Bank' category. This instruction sets the new mandatory reserve ratio at sixteen percent (16.00%) and takes effect from February 23, 2017. It repeals Instruction n°038/DGCC/DPMC/2015, while other provisions of Instruction n°066/DGCC/DPMC/2016 concerning the method for constituting mandatory reserves remain unchanged.
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