Circular No. 01/EMO/2025 lays down the new reserve requirement ratios, namely, 29.00% for national currency and 29.50% for foreign currency, following the latest decisions of the Monetary Policy Committee (MPC). The Circular herein came into effect as of January 29, 2025, and repeals Circular No. 02/EMO/2023, of May 31.

Read the Circular here.