The President of the Republic, Filipe Nyusi urged the Bank of Mozambique to continue to seek answers, with a view to responding effectively to the emerging challenges of the national economy.

Filipe Nyusi who was speaking this Thursday in Nampula moments after inaugurating the new branch of the Central Bank, said there is a need to make efforts to control and prevent electronic transactions using M-pesa, mkesh, and mola by terrorists.

"We should not remain in comfort zones for the apparent economic stability. It is imperative to assess the financial health of institutions, looking deeper into credit and market risks, liquidity, interest rate, exchange rate and operational risks," said the Head of State.

For Nyusi, a stable, comprehensive, and resilient financial system creates the conditions to promote greater competitiveness in the economy and drive inclusive and sustainable economic growth.

As for banking expansion, the governor indicated that there was a positive evolution of the districts' banking network coverage, which went from 87 districts (68%) in 2015 to 127 districts, equivalent to 82% of coverage in 2021.