Regulatory Alerts2022-09-22
Added · Updated
Circular dated September 22, 2022 regarding increasing the reserve ratio from 14% to 18%
The Central Bank of Egypt increases the required reserve ratio that banks must hold with the central bank from 14% to 18%. This decision applies to the reserve period starting on October 4, 2022, based on the average balances formed during the period from September 6 to 19, 2022. Existing central bank decisions regarding the reserve ratio remain in force.
Topics
capital
monetary
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