Book traversal links for Article (63): Foreign Reserves for the Monetary Base Cover
Article (63): Foreign Reserves for the Monetary Base Cover
Fed Law 14/2018 Issued on 1/10/20181) The market value of balance of the Foreign Reserves referred to in Article (62) of this Decretal Law, shall not, at any time, be less than seventy percent (70%) of the value of the Monetary Base.
2) The Board of Directors may reduce the Monetary Base cover ratio, referred to in item (1) of this article for a period not exceeding twelve (12) months.