Circular No. 02/EMO/2026, of May 25 - Approval of the Mandatory Reserves Incidence Rate and Revocation of Circular No. 01/EMO/2025, of January 28

The Bank of Mozambique establishes mandatory reserves coefficients at 39.00% for national currency and 29.50% for foreign currency, effective from the establishment period commencing May 27, 2026. This Circular formally approves the updated incidence rates and revokes Circular No. 01/EMO/2025 along with all contrary provisions. Any interpretation or application queries regarding these rates must be submitted to the Bank's Markets and Reserves Management Department.

Get BM alerts — same-day email on every new publication.

Bank of Mozambique
Administration

MONETARY STABILITY DEPARTMENT
CIRCULAR NO. 02/EMO/2026

Maputo, May 25, 2026

SUBJECT: APPROVAL OF THE MANDATORY RESERVES INCIDENCE RATE AND REVOCATION OF CIRCULAR NO. 01/EMO/2025, OF JANUARY 28

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:

The mandatory reserves coefficient applicable to the incidence base in national currency, at 39.00%.
The mandatory reserves coefficient applicable to the incidence base in foreign currency, at 29.50%.

This Circular enters into force from the mandatory reserves establishment period beginning on May 27, 2026, and revokes Circular No. 01/EMO/2025, of January 28, as well as all provisions contrary thereto.

Questions regarding the interpretation and application of this Circular shall be submitted to the Markets and Reserves Management Department of the Bank of Mozambique.

BANK OF MOZAMBIQUE
Monetary Stability Department
[Signature]
Jamal Luís Omar
Administrator

Read the rest free

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

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

Source: Banco de Mocambique — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works