Regulatory Alerts2015-09-29
Added · Updated
Instruction No. 001-DCR/2015 on the Mandatory Reserve System
The Governor of the Central Bank of Madagascar issued Instruction No. 001-DCR/2015 to reduce the mandatory reserve ratio for territorial banks from 15% to 13%. The directive preserves the current calculation base and other non-conflicting provisions, applying to reserves established effective October 1, 2015. Grounded in the Central Bank's statutes and credit institution supervision laws, this measure ensures immediate regulatory alignment without altering existing operational frameworks.
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