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Article (63): Foreign Reserves for the Monetary Base Cover

Fed Law 14/2018 Issued on 1/10/2018

1) The market value of balance of the Foreign Reserves referred to in Article (62) of this Decretal Law, shall not, at any time, be less than seventy percent (70%) of the value of the Monetary Base.

2) The Board of Directors may reduce the Monetary Base cover ratio, referred to in item (1) of this article for a period not exceeding twelve (12) months.