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.
Conakry, March 03, 2017
REPUBLIC OF GUINEA CENTRAL BANK
INSTRUCTION N° 73 /DGCC/DPMC/2017 MODIFYING THE MANDATORY RESERVE RATIO FOR CREDIT INSTITUTIONS IN THE 'BANK' CATEGORY
THE GOVERNOR OF THE CENTRAL BANK,
Having regard to Law L/2014/016/AN of July 2, 2014, on the Statutes of the Central Bank of the Republic of Guinea (BCRG); Having regard to Law L/2013/060/AN of August 12, 2013, on Banking Regulation; Having regard to Decree n°D/2010/PRG/SGG of December 27, 2010, appointing the Governor; Having regard to Instruction n°005/DGCC/DPMC/2005 of October 24, 2005, relating to the constitution of mandatory reserves for credit institutions in the 'Bank' category; Having regard to Instruction n°038/DGCC/DPMC/2015 of February 25, 2015, modifying the mandatory reserve ratio for credit institutions in the 'Bank' category; Having regard to Instruction N° 062/DGCC/DPMC/2016 of April 11, 2016, modifying the period for the constitution of mandatory reserves for credit institutions in the 'Bank' category. Having regard to Instruction N° 066/DGCC/DPMC/2016 of August 10, 2016, modifying the method for the constitution of mandatory reserves for credit institutions in the 'Bank' category.
DECIDES
Article 1: The Mandatory Reserve Ratio applicable to credit institutions in the 'Bank' category is set at sixteen percent (16.00%).
Article 2: The other provisions of Instruction n°066/DGCC/DPMC/2016 of August 10, 2016, modifying the method for the constitution of mandatory reserves for credit institutions in the 'Bank' category, remain unchanged.
Article 3: This Instruction, which takes effect from February 23, 2017, repeals all previous contrary provisions, notably Instruction n°038/DGCC/DPMC/2015 of February 25, 2015, modifying the mandatory reserve ratio for credit institutions in the 'Bank' category, and shall be published wherever necessary.
[Signature/Stamp] Dr. Louncény NABE
P.O. Box N° 692 - Conakry - Telephone: (+224) 664 67 77 77 Fax: +224 669 08 88 88 - E-mail: secretariat.gouv@bcrg-guinee.org www.bcrg-guinee.org / 6 Boulevard du Commerce C/Kaloum