Notice BRH/DCC/AV #03-20 to Banks on Treasury Certificates Counted as Reserves, December 1, 2020
Summary: BRH notice that 5% of the Treasury certificate portfolio held by local banks counts as reserves under circular 111, effective December 7, 2020.
Key Findings
- 5% of the Treasury certificate portfolio held by local banks counts as a reserve element.
- The decision is effective from December 7, 2020.
- The notice builds on notice BRH/DCC/AV #01-20 of March 19, 2020 and circular 111 of September 25, 2017.
Full Description
Referring to notice BRH/DCC/AV #01-20 of March 19, 2020 and to circular no. 111 of September 25, 2017 on the components of the reserve requirements that apply to banks, the BRH decided to treat 5% of the Treasury certificate portfolio held by local banks as a reserve element. The decision takes effect on December 7, 2020. The notice is addressed to banks and bears reference BRH/DCC/AV #03-20.
How to cite
Bank of the Republic of Haiti (BRH), Notice BRH/DCC/AV #03-20 to Banks on Treasury Certificates Counted as Reserves, December 1, 2020, https://www.brh.ht/wp-content/uploads/Avis-aux-Banques-1er-decembre-2020.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)