Regulatory Alerts2024-01-01
Decision on Reserve Requirements of Credit Institutions at the Central Bank of Montenegro
The Council of the Central Bank of Montenegro issued this decision to regulate how credit institutions calculate, allocate, and maintain reserve requirements. It establishes a reserve requirement base of average daily deposits and applies rates of 5.5% for deposits maturing within 365 days and 4.5% for those exceeding that term. The regulation also defines maintenance periods, allows institutions to use up to 50% of reserves for daily liquidity, and sets remuneration and fee structures for compliance.
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