Regulatory Alerts2019-09-03
Circular No. 02/EMO/2019, September 3 – Amendment to Circular No. 01/EMO/2019 on the Reserve Requirement Incidence Rate
The Bank of Mozambique issued Circular No. 02/EMO/2019 to reduce the mandatory reserve coefficient for national currency liabilities by 100 basis points while maintaining it at 36.00% for foreign currency liabilities. The amended incidence rates are fixed at 13.00% and 36.00%, respectively, taking immediate effect from the reserve building period commencing September 7, 2019. This circular formally revokes Circular No. 01/EMO/2019 and directs any interpretive or application queries to the Markets and Reserve Management Department.
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