Regulatory Alerts2020-03-16
Added · Updated
Circular No. 01/EMO/2020, of 16 March - Approves the Reserve Requirement Rate and Revokes Circular No. 02/EMO/2019, of 3 September
The Bank of Mozambique issued Circular No. 01/EMO/2020 to establish the mandatory reserve requirement coefficient at 11.50% for national currency liabilities and 34.50% for foreign currency liabilities. The directive becomes effective for the reserve establishment period starting on 7 April 2020, officially revoking Circular No. 02/EMO/2019 and all contrary provisions. Any interpretation or application inquiries must be submitted to the Bank's Markets and Reserve Management Department.
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