Circular N01-26/BCC/DESM on Mandatory Reserve Coefficients and BCC Interest Rates

[Logo of the Central Bank of the Comoros]

Circular No...-2026/BCC/DESM
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Regarding the mandatory reserve coefficient and the interest rates and parameters of BCC operations
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The Governor of the Central Bank of the Comoros,

• Having regard to the law establishing the statutes of the Central Bank of the Comoros (BCC),
• Having regard to the federal framework law No. 80-08 of May 3, 1980, relating to currency and the role of the BCC in the supervision of Banks and Financial Institutions;
• Having regard to the banking law No. 13-003/AU of June 12, 2013 and its associated regulations,
• Considering the resolution of the BCC Board of Directors of January 12, 2023,
• Considering the resolution of the Monetary Policy and Reserve Management Committee of the Central Bank, taken during its meeting of January 9, 2026,

Informs of new monetary policy decisions:

Article 1 – The mandatory reserve maintenance rate is set at 10%.

Article 2 – The liquidity absorption ceiling is set at 15 billion FC.

Article 3 – The BCC interest rates are fixed as follows:

• Limit rate for submission to Liquidity Tenders (TSAO)……………… 2.5% ;
• Rate for remuneration of advances to the State…………………………………………… 2.5% ;
• Rate for the marginal lending facility ………………………………………………… 5.5% ;
• Penalty for failure to meet the mandatory reserve requirement…………………………………………… 8.5% ;
• Rate for remuneration of Excess Reserves, Mandatory Reserves and
  Deposits of Banks and Financial Institutions not subject to mandatory reserves ……………………………………………… 0%.

Article 4 - This circular abrogates any prior contrary provision and enters into force upon its signature.

Moroni, January 9, 2026

[Seal and signature]
The Governor
Dr. Younoussa Imani

Place de France. BP 405 Moroni | (269) 773 18 14 - (269) 773 10 02 | secretariat@banque-comores.km | www.banque-comores.km