Regulatory Alerts2023-05-31
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Circular No. 02/EMO/2023, of May 31 - Approval of the Mandatory Reserves Incidence Rate and Revocation of Circular No. 01/EMO/2023, of January 25
The Bank of Mozambique's Monetary Stability Department issued Circular No. 02/EMO/2023 to set the mandatory reserves coefficient at 39.00% for national currency and 39.50% for foreign currency. The directive takes effect for the reserve establishment period beginning May 31, 2023, and simultaneously revokes Circular No. 01/EMO/2023 and all contrary provisions. Any interpretation or application queries must be submitted to the Bank's Markets and Reserves Management Department.
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