The Bank of Mozambique has issued a circular setting the mandatory reserve ratio applied to the reserve base in domestic currency at 39.00 percent and the ratio applied to the reserve base in foreign currency at 29.50 percent. The circular also revokes Circular No. 01/EMO/2025 and any provisions that conflict with the new measure. The new ratios were set under article 6 of the Regulation on the Calculation and Constitution of Mandatory Reserves approved by Notice No. 1/GBM/2023. They will apply from the reserve maintenance period starting on 27 May 2026.
Bank of Mozambique2026-05-25
Bank of Mozambique sets reserve requirement ratios at 39.00 percent for local currency and 29.50 percent for foreign currency
The Bank of Mozambique has set the mandatory reserve ratio at 39.00 percent for domestic currency liabilities and 29.50 percent for foreign currency liabilities, under article 6 of the Regulation on the Calculation and Constitution of Mandatory Reserves approved by Notice No. 1/GBM/2023. The circular revokes Circular No. 01/EMO/2025 and conflicting provisions and applies from the reserve maintenance period starting on 27 May 2026.