RegAlert
2022-12-01

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Schedule for Establishing Mandatory Reserves for 2023

The regulatory authority issues a mandatory schedule requiring financial institutions to establish reserve obligations according to twelve distinct periods throughout 2023. Each period specifies a reference date, declaration deadline, exact start and end dates, and a duration of either 28 or 35 days. The timetable remains subject to adjustment in the event of force majeure or an unexpected holiday occurring at the end of any period.

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Banky Foiben'i Madagasikara

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Schedule for Establishing Mandatory Reserves for 2023

(Subject to modification in case of force majeure or an unexpected holiday at the end of a period)

PeriodReference DateDeclaration DeadlinePeriod StartPeriod EndNumber of Days in Period
1Wednesday 30 November 2022Friday 30 December 2022Wednesday 4 January 2023Tuesday 7 February 202335
2Friday 30 December 2022Friday 3 February 2023Wednesday 8 February 2023Tuesday 7 March 202328
3Tuesday 31 January 2023Friday 3 March 2023Wednesday 8 March 2023Tuesday 4 April 202328
4Tuesday 28 February 2023Friday 31 March 2023Wednesday 5 April 2023Tuesday 9 May 202335
5Friday 31 March 2023Friday 5 May 2023Wednesday 10 May 2023Tuesday 6 June 202328
6Friday 28 April 2023Friday 2 June 2023Wednesday 7 June 2023Tuesday 4 July 202328
7Wednesday 31 May 2023Friday 30 June 2023Wednesday 5 July 2023Tuesday 8 August 202335
8Friday 30 June 2023Friday 4 August 2023Wednesday 9 August 2023Tuesday 5 September 202328
9Monday 31 July 2023Friday 1 September 2023Wednesday 6 September 2023Tuesday 3 October 202328
10Thursday 31 August 2023Friday 29 September 2023Wednesday 4 October 2023Tuesday 7 November 202335
11Friday 29 September 2023Friday 3 November 2023Wednesday 8 November 2023Tuesday 5 December 202328
12Tuesday 31 October 2023Friday 1 December 2023Wednesday 6 December 2023Tuesday 2 January 202428

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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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