RegAlert2004-07-22
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Instruction No. 004-CR/04 of July 22, 2004 on the Mandatory Reserves System
The Central Bank mandates a 15% mandatory reserve coefficient applicable to all deposits, including term and savings deposits. This requirement applies to reserves to be constituted starting from July 15, 2004.
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INSTRUCTION NO. 004-CR/04 OF JULY 22, 2004 ON THE MANDATORY RESERVES SYSTEM
The Central Bank has decided to apply a mandatory reserves coefficient of 15% on all deposits (including term and savings deposits).
This instruction applies to reserves to be established as of July 15, 2004.
THE GOVERNOR,
Gaston RAVELOJAONA.
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Source: Banky Foiben'i Madagasikara — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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