New financial regulation in Monaco

 February 6, 2019

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Having regard to the deliberation of the Council of Government dated January 16th, 2019, relating to the determination of the rate of wear – it has been amended.

For the year 2019, the average rate determined under the conditions referred to in the preceding article is set at:

For individuals:

  • Discoveries: 17.53%
  • Personal loans: 3.88%
  • Mortgages: 2.19%

For companies and individual entrepreneurs:

  • Discovered: 5.13% “.

Our Secretary of State, Our Director of Judicial Services and Our Minister of State are responsible, each for his own part, for the execution of this order.

Click to see the Sovereign Ordinance No. 7,321.

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