Regarding Operations Having a Particular Character

CENTRAL BANK OF DJIBOUTI

INSTRUCTION NO. 2022-18/IMF
REGARDING OPERATIONS HAVING A PARTICULAR CHARACTER

The Governor of the Central Bank of Djibouti,

Having regard to Law No. 118/AN/11/6th L of 22 January 2011 amending the statutes of the Central Bank of Djibouti;

Having regard to Law No. 179/AN/07/5th L of 16 May 2007 regulating microfinance activities on the territory of the Republic of Djibouti;

Having regard to Law No. 117/AN/11/6th L of 25 May 2011 regulating financial cooperatives;

Having regard to the Commercial Code, Book 3 on Company Law;

Having regard to Law No. 119/AN/11/6th L of 22 January 2011 on the establishment and supervision of credit institutions and financial auxiliaries;

Having regard to Decree No. 2018-171/PRE of 08 May 2018 appointing the Governor of the Central Bank of Djibouti.

Orders:

Article 1: As primary activities, microfinance institutions are authorized to carry out the following operations:

• Savings collection;
• Credit granting.

Article 2: As ancillary activities, and subject to authorization from the Central Bank, microfinance institutions may carry out the following operations:

• Leasing;
• Foreign exchange;
• Fund transfers.

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The Central Bank will only grant authorization to carry out the aforementioned operations if the institution meets the specific conditions required for exercising these activities.

Article 3: Microfinance institutions are required to provide detailed information in their periodic reports submitted to the Central Bank regarding all operations they carry out.

Article 4: This instruction shall enter into force upon its signature.

Done in Djibouti, on 14 March 2022

The Governor

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