Reserve requirements: BRH circulars on reserve coefficients and their constitution, 1998 to 2019
Summary: The BRH's compiled file of circulars on bank reserve requirements, most recent first: circular 01-19 of 29 January 2019, circulars 002-18 and 001-18 of 2018, circular 111 of 25 September 2017 which sets the reserve rules, and the run of coefficient changes back to 1998 (circulars 72-3, 86-12 A to L, 87, 88-13-M, 89 and 90, among others). It traces how the reserve coefficients on gourde and foreign-currency liabilities and the share of foreign-currency reserves held in gourdes moved over two decades.
Key Findings
- From 4 February 2019 (circular 01-19) reserve coefficients are 45 percent on gourde liabilities and 51 percent on foreign-currency liabilities for commercial banks and their non-bank subsidiaries, and 33.5 and 39.5 percent for savings and housing banks.
- Under the same circular, reserves on foreign-currency liabilities are constituted 12.5 percent in gourdes and 87.5 percent in foreign currency.
- Circular 002-18 set 45 and 49.5 percent for commercial banks from 10 December 2018; circular 001-18 set the foreign-currency constitution at 7.5 percent in gourdes from 1 August 2018.
- Circular 111 of 25 September 2017, in force 1 December 2017, defines the reservable liabilities and penalties and repeals circulars 72-3 and 78-1.
- In May 2013 (circular 89) the coefficients stood at 35 and 39 percent for commercial banks.
How to cite
Bank of the Republic of Haiti (BRH), Reserve requirements: BRH circulars on reserve coefficients and their constitution, 1998 to 2019, https://brh.ht/wp-content/uploads/reservesobligatoires.pdf
- Rights holder
- Banque de la République d'Haïti (BRH)