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Article (32): Reserve Requirements

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

1) The Central Bank may, in line with monetary policy objectives and the current and forecasted status of liquidity, determine minimum Reserve Requirements for each type of deposits, or on the total of deposits held with deposit-taking Licensed Financial Institutions. The Board of Directors shall determine the manner in which ratio of the Reserve Requirements is calculated, as it deems appropriate.

2) The Central Bank shall specify all operational arrangements related to the maintenance of the Reserve Requirements referred to in item (1) of this article.