Mozambique's international reserves reached 3.6 billion dollars in the first quarter of this year, strengthening its capacity to import goods and services.

According to the Economic Situation report, released yesterday, Monday (01), by the Bank of Mozambique (BdM), and to which the MZNews had access to, "the country's international reserves remain at satisfactory levels".

"The country's external position, measured by gross international reserves, remains satisfactory, with an accumulated balance of around 3.6 billion dollars by March 22, 2024," the document reads.

This volume of gross reserves, according to the BdM, is "enough to cover around five months of imports of goods and services", in this case excluding the so-called "major projects" underway, essentially in the area of mining.