Regulatory Alerts2018-08-31
Circular No. 02/EMO/2018, August 31 - Reserve Requirement Rate
Banco de Moçambique's Monetary Policy Committee increased the reserve requirement coefficient for foreign currency liabilities by 500 basis points to 27.00%, while maintaining the national currency coefficient at 14.00%. This amendment to Circular No. 01/EMO/2018 takes immediate effect starting September 7, 2018, and supersedes all contrary provisions. Interpretation inquiries must be directed to the bank's Markets and Reserve Management Department.
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