Regulatory Alerts2026-05-26
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.
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