Regulatory Alerts2021-09-14
Circular No. 06/EMO/2021, of September 14 - Approval of the Mandatory Reserve Incidence Rate and Revocation of Circular No. 01/EMO/2020, of March 16
The Bank of Mozambique issued Circular No. 06/EMO/2021 to establish mandatory reserve coefficients at 10.50% for national currency and 11.50% for foreign currency incidence bases. This directive supersedes Circular No. 01/EMO/2020 and takes effect for the reserve accumulation period beginning October 7, 2021. All interpretation or implementation inquiries regarding this circular must be submitted to the Bank's Markets and Reserve Management Department.
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