Regulatory Alerts1997-12-01
Added · Updated
Notice No. 002/GGBM/97 Determining Interest Rates Under Article 53 of Law No. 28/91
The Governor of the Central Bank sets the annual reference rate at 24.75% for refinancing operations with financial institutions, specifically covering special credit lines for small and medium-sized enterprises, industrial rehabilitation, and agricultural marketing. This rate applies to existing operations if their contracts allow for alteration upon the legal establishment of a new limit. The notice becomes effective on 29 January 1997.
Topics
monetary
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