Cash Reserve Ratio in Seychelles remained unchanged at 13 percent in September from 13 percent in June of 2020. source: Central Bank of Seychelles

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Seychelles Minimum Reserve Requirement



Related Last Previous Unit Reference
Interest Rate 2.00 2.00 percent May 2022
Banks Balance Sheet 32891.53 33833.24 SCR Million Apr 2022
Lending Rate 2.00 2.00 percent Jul 2022
Foreign Exchange Reserves 647.72 523.06 USD Million Jun 2022
Central Bank Balance Sheet 11421.55 11546.60 SCR Million Apr 2022
Money Supply M3 26386.00 26613.00 SCR Million Feb 2022
Money Supply M2 14212.00 14075.00 SCR Million Feb 2022
Money Supply M1 8018.00 7958.00 SCR Million Feb 2022
Cash Reserve Ratio 13.00 13.00 percent Sep 2021
Loans To Private Sector 3000.00 2961.00 SCR Million Dec 2016

Seychelles Minimum Reserve Requirement
The Minimum Reserve Requirement (MRR) is a monetary policy instrument used by some Monetary Authorities or Central Banks to directly influence money supply, and hence manage liquidity in the banking system. The MRR ratio stipulates the percentage of deposit liabilities that financial institutions under its supervision, namely commercial banks, are required to hold as cash with the Central Bank. The MRR has been an integral part of the Central Bank of Seychelles’ range of monetary policy instruments since its inception in 1981. The system has evolved from its accommodative role with respect to the predominant fiscal policy to an important monetary policy instrument. The ratio has changed several times within a range of 2.5% and 20%. Currently, it stands at 13% and the liable deposits are inclusive of foreign currency deposits of residents.
Actual Previous Highest Lowest Dates Unit Frequency
13.00 13.00 13.00 13.00 2018 - 2021 percent Monthly