(percent) 

Period  

Reserve requirement ratios 

From May 1993  

15.0 – for holdings and deposits up to 1-year maturity;  

10.0 – for holdings and deposits from 1-year up to 3-years maturity. 

Banks did not hold the reserve requirements on deposits on terms over 3 years.  

From August 2, 1993  

20.0 

From June 1, 1994  

30.0 

From August 1, 1994  

20.0 

From October 3, 1994  

15.0 

From April 1, 1996  

13.5 

From December 1, 1996  

15.0 

From January 1, 1997  

20.0 

From June 4, 2001  

15.0 

From July 2, 2001  

10.0 

From June 15, 2009  

9.5 

From May 31, 2010  

8.0 

From March 14, 2011  

9.0 

From October 19, 2015  

8.5 - on liabilities attracted in national currency; 

9.5 - on liabilities attracted in foreign currency. 

From December 14, 2015  

4.0 - on liabilities attracted in national currency; 

12.0 - on liabilities attracted in foreign currency. 

From January 11, 2016 

4.0 - on liabilities attracted in national currency; 

4.0 - on liabilities attracted in Armenian drams, Belarussian rubles, Chinese Yuans Renminbi, Kazakhstan tenges, Russian rubles; 

12.0 - on liabilities attracted in foreign currency. 

From April 1, 2019 

4.0 - on liabilities attracted in national currency; 

4.0 - on liabilities attracted in Armenian drams, Belarussian rubles, Chinese Yuans Renminbi, Kazakhstan tenges, Russian rubles; 

14.0 - on liabilities attracted in foreign currency; 

0.0 – on liabilities in unallocated metal accounts.