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 Sep/21
Banks Balance Sheet 32443.45 32004.55 SCR Million Sep/21
Lending Rate 2.00 9.22 percent Oct/21
Foreign Exchange Reserves 641.69 621.43 USD Million Oct/21
Central Bank Balance Sheet 11001.45 10478.05 SCR Million Sep/21
Cash Reserve Ratio 13.00 13.00 percent Sep/21
Money Supply M3 25747.00 25128.00 SCR Million Sep/21
Money Supply M2 13629.00 13616.00 SCR Million Sep/21
Money Supply M1 7755.00 7745.00 SCR Million Sep/21
Loans To Private Sector 3000.00 2961.00 SCR Million Dec/16
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.