Reserve Ratios

    Many central banks, especially in developing and emerging markets, use a required reserve ratio (RRR) or cash reserve ratio (CRR) as a tool of monetary policy. By changing the ratio, central banks can influence the growth of credit.
    The ratio is calculated as a proportion of customer deposits and determines how much commercial banks must set aside rather than lend out. Deposits at commercial banks can take many forms, either as time deposits or sight deposit, and can be in local currency or foreign currency. Central banks often have different ratios for different types of deposits. 
    The table below only includes the ratio for domestic currency deposits to make it easier to compare the ratio at different central banks.
    The table includes the name of the country, the name of the central bank, the date of the last change to the reserve ratio and the current required reserve ratio for domestic currency deposits.

    Required Reserve Ratios Table:
(Updated March 22, 2017 with Tanzania)

COUNTRY CENTRAL BANK          DATE               RATIO
ALBANIA Bank of Albania
10.00%
ANGOLA National Bank of Angola
24-Nov-14
15.00%
ARMENIA Central Bank of Armenia
24-Feb-14
2.00%
ARGENTINA Central Bank of Argentina
2-Mar-17
20.00%
AZERBAIJAN Central Bank of the Rep. of Azerbaijan
1-Mar-15
0.50%
BANGLADESH Bangladesh Bank 
24-Jun-14
6.50%
BELARUS National Bank of the Rep. Of Belarus
16-Mar-16
7.50%
BULGARIA Bulgarian National Bank 
28-Nov-08
10.00%
CAMEROON Bank of Central African States (BEAC)
7-Apr-16
5.88%
CAPE VERDE Bank of Cape Verde
16-Feb-15
15.00%
CEN. AFRICAN REPUBLIC Bank of Central African States (BEAC)
7-Apr-16
0.00%
CHAD Bank of Central African States (BEAC)
7-Apr-16
3.88%
CHINA People's Bank of China
29-Feb-16
17.00%
DEM. REP. OF CONGO Central Bank of Congo
8-Apr-15
2.00%
REPUBLIC OF CONGO Bank of Central African States (BEAC)
7-Apr-16
5.88%
COSTA RICA Central Bank of Costa Rica
15.00%
CROATIA Croatian National Bank
11-Dec-13
12.00%
CZECH REPUBLIC Czech National Bank
20-May-99
2.00%
CURACAO & ST. MAARTEN Central Bank of Curacao and St. Maarten
10-Oct-13
18.00%
DENMARK National Bank of Denmark
2.00%
EGYPT Central Bank of Egypt
22-May-12
10.00%
EQUATORIAL GUINEA Bank of Central African States (BEAC)
7-Apr-16
5.88%
EURO AREA European Central Bank 
2.00%
FIJI Reserve Bank of Fiji
7-Jul-10
10.00%
GABON Bank of Central African States (BEAC)
7-Apr-16
5.88%
GAMBIA Central Bank of The Gambia
19-Jun-13
15.00%
GEORGIA National Bank of Georgia
27-Apr-16
7.00%
GHANA Bank of Ghana
12-Nov-14
10.00%
HUNGARY Central Bank of Hungary
1-Dec-16
1.00%
ICELAND Central Bank of Iceland
1-Jun-16
2.00%
INDIA Reserve Bank of India
1-Jul-13
4.00%
INDONESIA Bank Indonesia
18-Feb-16
6.50%
IRAQ Central Bank of Iraq
1-Sep-10
15.00%
ISRAEL Bank of Israel
6.00%
JAMAICA Bank of Jamaica
1-Jul-10
12.00%
JORDAN Central Bank of Jordan
12-Mar-09
8.00%
KAZAKHSTAN National Bank of Kazakhstan
2.50%
KENYA Central Bank of Kenya
5.25%
KYRGYZ REPUBLIC National Bank of the Kyrgyz Republic
14-Dec-15
4.00%
LITHUANIA Bank of Lithuania
3.00%
MACEDONIA National Bank of the Rep. of Macedonia
9-Sep-13
8.00%
MALAWI Reserve Bank of Malawi
23-May-08
15.50%
MALAYSIA Bank Negara Malaysia
16-May-11
3.00%
MAURITIUS Central Bank of Mauritius
2-May-14
9.00%
MOLDOVA National Bank of Moldova
30-Jul-15
32.00%
MONGOLIA Bank of Mongolia
23-Feb-11
9.00%
MOROCCO Bank of Morocco
21-Jun-16
5.00%
MOZAMBIQUE Bank of Mozambique
21-Oct-16
15.50%
NIGERIA Central Bank of Nigeria
22-Mar-16
22.50%
PAKISTAN State Bank of Pakistan
12-Oct-12
3.00%
PERU Central Reserve Bank of Peru
31-May-15
6.50%
PHILIPPINES Bangko Sentral ng Pilipinas
30-May-14
20.00%
POLAND National Bank of Poland
31-Dec-10
3.50%
QATAR Qatar Central Bank 
16-Mar-17
4.50%
ROMANIA National Bank of Romania
6-May-15
8.00%
RUSSIA 2) Bank of Russia
27-Jun-16
5.00%
SERBIA National Bank of Serbia
19-Jan-11
5.00%
SOUTH AFRICA South African Reserve Bank
2.50%
SRI LANKA Central Bank of Sri Lanka
30-Dec-15
7.50%
TAIWAN Central Bank of the Rep. of China (Taiwan)
1-Jan-11
10.75%
TAJIKISTAN National Bank of Tajikistan
11-Sep-15
1.50%
TANZANIA Bank of Tanzania
21-Mar-17
8.00%
TRINIDAD & TOBAGO Central Bank of Trinidad & Tobago
17.00%
TUNISIA Central Bank of Tunisia
1.00%
TURKEY Central Bank of Republic of Turkey
6-Sep-16
10.50%
UNITED STATES  Federal Reserve 1)
27-Oct-16
3.00%
URUGUAY Central Bank of Uruguay
1-Apr-13
25.00%
UZBEKISTAN Central Bank of the Rep. Of Uzbekistan
1-Sep-09
15.00%
VENEZUELA Central Bank of Venezuela
25-Oct-13
19.00%
VIETNAM State Bank of Vietnam
1-Sep-11
3.00%
WEST AFRICAN STATES Central Bank of West African States
16-Mar-12
5.00%
ZAMBIA Bank of Zambia
8-Apr-15
18.00%

1) 3% on net transactions >$15.5M to $115.1M, 10% on transactions >$115.1M
2) RR on FX liabilities 7.00% as of Aug. 1, 2016

  Central Bank News makes every effort to ensure the accuracy of the ratios in the table above at the time of publication. However, as ratios change over time, we cannot guarantee the accuracy of the information above but are working to expand the number of central banks included in the table.
    If you have any corrections to the information, please contact us. You may replicate the table above in full but under the strict condition that you cite CentralBankNews.info as the source, and if online, provide a link back to www.CentralBankNews.info

4 comments:

  1. Thank you so much for pointing out the error, you are correct and Ghana's RR has now been updated

    ReplyDelete
  2. Hello,

    Thank you so much for these useful informations concerning the RR.
    I just have one question: do you have historitical data (concerning Reserves ratios) for African Countries? For example since 2000?

    Best regards,

    ReplyDelete
    Replies
    1. I have limited historical data for reserve ratios and mainly focus on those central banks that I cover, of which there are 18 in Africa, excluding North Africa.

      Delete