Regulatory Alerts2019-03-06
Circular No. 01/EMO/2019, March 6 – Amendment to Circular No. 02/EMO/2018 on the Reserve Requirement Incidence Rate
The Bank of Mozambique's Monetary Policy Committee issued Circular No. 01/EMO/2019 on March 6, 2019, to amend the reserve requirement incidence rates effective from the consolidation period beginning March 7, 2019. The directive increases the reserve requirement coefficient for foreign currency liabilities by 900 basis points to 36.00%, while maintaining the rate for national currency liabilities at 14.00%. It simultaneously revokes Circular No. 02/EMO/2018 and requires that all interpretive or application queries be submitted to the Markets and Reserve Management Department.
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