Regulatory Alerts2015-09-07
01 Management of Exchange Rate Risk and Mandatory Reserves
The Bank of the Republic of Haiti issued Circular #01 to regulate exchange rate risk management and mandatory reserves for commercial and savings banks. The circular establishes a maximum structural exchange position of 1% of accounting equity and mandates a phased increase in mandatory reserve ratios on foreign currency liabilities starting in February 2008. A subsequent correction clarified the specific definition of long positions subject to these new limits.
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