The Bank of Mozambique, in its capacity as the foreign exchange authority, approved the regulatory instruments with the aim of providing greater flexibility in the management of foreign currency by intermediary banks, given the current socio-economic situation.

This is the notice that increases the conversion rate for export revenues from goods, services and investment income abroad from the current 30 % to 50 %. This scheme will be in force for a period of 18 months; and the notice on the scheme for the repatriation and conversion of income from the re-export of petroleum products, in which banks will now fully convert income from the re-export of petroleum products.

In addition, the Bank of Mozambique, in its capacity as supervisor of credit institutions and financial companies, approved the notice establishing the exceptional regime concerning the percentages of minimum regulatory provisions on overdue credit, which will be in force for a period of 12 months. This measure will promote the expansion of banks' capacity to grant credit.