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2020-11-25

Schedule for the Establishment of Mandatory Reserves for 2021

The regulatory authority published the 2021 mandatory reserve constitution schedule, requiring financial institutions to follow a twelve-period calendar that dictates precise reference dates, declaration deadlines, and operational windows for compliance. Each period spans either 28 or 35 days, with clearly defined start and end dates mapped across the entire year to standardize reporting obligations. The timeline remains subject to adjustment in cases of force majeure or unforeseen holidays and was officially released on November 25, 2020.

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Banky Foiben'i Madagasikara

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Schedule for the Establishment of Mandatory Reserves for 2021

(Subject to modification in case of force majeure or an unexpected holiday at the end of the period)

PeriodReference DateDeclaration DeadlinePeriod StartPeriod EndNumber of Days
1Monday, November 30, 2020Monday, January 4, 2021Wednesday, January 6, 2021Tuesday, February 2, 202128
2Thursday, December 31, 2020Friday, January 29, 2021Wednesday, February 3, 2021Tuesday, March 2, 202128
3Friday, January 29, 2021Friday, February 26, 2021Wednesday, March 3, 2021Tuesday, April 6, 202135
4Friday, February 26, 2021Friday, April 2, 2021Wednesday, April 7, 2021Tuesday, May 4, 202128
5Wednesday, March 31, 2021Friday, April 30, 2021Wednesday, May 5, 2021Tuesday, June 1, 202128
6Friday, April 30, 2021Friday, May 28, 2021Wednesday, June 2, 2021Tuesday, July 6, 202135
7Monday, May 31, 2021Friday, July 2, 2021Wednesday, July 7, 2021Tuesday, August 3, 202128
8Wednesday, June 30, 2021Friday, July 30, 2021Wednesday, August 4, 2021Tuesday, August 31, 202128
9Friday, July 30, 2021Friday, August 27, 2021Wednesday, September 1, 2021Tuesday, October 5, 202135
10Tuesday, August 31, 2021Friday, October 1, 2021Wednesday, October 6, 2021Tuesday, November 2, 202128
11Thursday, September 30, 2021Friday, October 29, 2021Wednesday, November 3, 2021Tuesday, November 30, 202128
12Friday, October 29, 2021Friday, November 26, 2021Wednesday, December 1, 2021Tuesday, January 4, 202235

November 25, 2020

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