Currency · liquidity · prudent management
Monetary reserves
When they exist, the Central Bank’s monetary reserves will be public assets dedicated to monetary policy, liquidity and stability. They will not be unrestricted Government cash or a general redemption guarantee for every CE$ in circulation.
Constitutional proposal · not promulgatedNo presumed external convertibilityGOV informs · OS provides access · Sistema executes when active
Today · no monetary reserves published
This page explains how future monetary reserves should be managed. No portfolio, balance or reserve composition is presented as existing today.
When real reserves exist
Composition, custody, liquidity, risk and adequacy should be published from verifiable records and controls.
In summary
Monetary mandate
Reserves support liquidity, stability and external obligations actually undertaken.
Prudent diversification
Currency, counterparty, custodian, jurisdiction and access risk form part of the assessment.
There is no constitutional 100% reserve requirement
The constitutional proposal does not require each CE$ to correspond to an individually segregated external asset.
Ownership alone is not enough
A blocked or unenforceable asset should not be treated as available liquidity.
How it works
The Central Bank establishes public reserve-adequacy criteria.
Reduce concentration across currencies, instruments, issuers, custodians and jurisdictions where reasonable.
Simulate unavailability, sanctions, market shocks and real needs.
Transparency is maximised without revealing a position whose immediate disclosure would create a concrete risk.
Limits and what this page does not do
- Reserves may not finance ordinary public expenditure.
- They do not guarantee ordinary fiscal debt.
- They do not represent an individual account belonging to a CE$ holder.
- GOV.CANDEIA does not publish a reserve figure without real data and an official source.
What this means for you
When real reserves exist, the portal should show their function and adequacy without suggesting that each CE$ balance has an external asset reserved in the holder’s name.