Circular No. 01/EMO/2025, January 28 – Approval of the Mandatory Reserve Rate and Revocation of Circular No. 02/EMO/2023, May 31

Bank of Mozambique
Administration

MONETARY STABILITY DEPARTMENT
CIRCULAR NO. 01/EMO/2025

Maputo, January 28, 2025

SUBJECT: APPROVAL OF THE MANDATORY RESERVE RATE AND REVOCATION OF CIRCULAR NO. 02/EMO/2023, OF MAY 31

Pursuant to Article 6 of the Regulation on the Calculation and Establishment of Mandatory Reserves, approved by Notice No. 1/GBM/2023, of April 26, the Bank of Mozambique establishes:

1. The mandatory reserve coefficient applicable to the national currency incidence base at 29.00%.

2. The mandatory reserve coefficient applicable to the foreign currency incidence base at 29.50%.

This Circular enters into force from the mandatory reserve establishment period beginning on January 29, 2025, and revokes Circular No. 02/EMO/2023, of May 31, and all provisions contrary thereto.

Any doubts arising from the interpretation and application of this Circular shall be submitted to the Markets and Reserve Management Department of the Bank of Mozambique.

BANK OF MOZAMBIQUE
Monetary Stability Department
Jamal Luís Omar
Administrator

FOR A STABLE METICAL AND A SOUND AND INCLUSIVE FINANCIAL SYSTEM FOR METICAL STABILITY AND A SOUND AND INCLUSIVE FINANCIAL SYSTEM w w w . b a n c o m o c . m z