Instruction modifying the mandatory reserve ratio for credit institutions in the 'Bank' category

Conakry, March 03, 2017

REPUBLIC OF GUINEA
CENTRAL BANK

INSTRUCTION N° 73 /DGCC/DPMC/2017
MODIFYING THE MANDATORY RESERVE RATIO FOR CREDIT INSTITUTIONS IN THE 'BANK' CATEGORY

THE GOVERNOR OF THE CENTRAL BANK,

Having regard to Law L/2014/016/AN of July 2, 2014, on the Statutes of the Central Bank of the Republic of Guinea (BCRG); Having regard to Law L/2013/060/AN of August 12, 2013, on Banking Regulation; Having regard to Decree n°D/2010/PRG/SGG of December 27, 2010, appointing the Governor; Having regard to Instruction n°005/DGCC/DPMC/2005 of October 24, 2005, relating to the constitution of mandatory reserves for credit institutions in the 'Bank' category; Having regard to Instruction n°038/DGCC/DPMC/2015 of February 25, 2015, modifying the mandatory reserve ratio for credit institutions in the 'Bank' category; Having regard to Instruction N° 062/DGCC/DPMC/2016 of April 11, 2016, modifying the period for the constitution of mandatory reserves for credit institutions in the 'Bank' category. Having regard to Instruction N° 066/DGCC/DPMC/2016 of August 10, 2016, modifying the method for the constitution of mandatory reserves for credit institutions in the 'Bank' category.

DECIDES

Article 1: The Mandatory Reserve Ratio applicable to credit institutions in the 'Bank' category is set at sixteen percent (16.00%).

Article 2: The other provisions of Instruction n°066/DGCC/DPMC/2016 of August 10, 2016, modifying the method for the constitution of mandatory reserves for credit institutions in the 'Bank' category, remain unchanged.

Article 3: This Instruction, which takes effect from February 23, 2017, repeals all previous contrary provisions, notably Instruction n°038/DGCC/DPMC/2015 of February 25, 2015, modifying the mandatory reserve ratio for credit institutions in the 'Bank' category, and shall be published wherever necessary.

[Signature/Stamp]
Dr. Louncény NABE

P.O. Box N° 692 - Conakry - Telephone: (+224) 664 67 77 77 Fax: +224 669 08 88 88 - E-mail: secretariat.gouv@bcrg-guinee.org www.bcrg-guinee.org / 6 Boulevard du Commerce C/Kaloum