Regulatory Alerts2023-11-09
Added · Updated
Circular No. 007/2015/BCC/DSBR on the Required Reserve Ratio for Financial Institutions Receiving Public Funds
The Governor of the Central Bank of the Comores issued this circular to establish the calculation rules for the required reserve ratio on deposits held by financial institutions receiving public funds. The regulation sets the mandatory reserve ratio at 12.5% of the base used for reserve calculations, effective from November 20, 2023. This circular supersedes any prior contradictory provisions and enters into force upon its signature and publication.
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