Today, Parliament is debating the revision of the Foreign Exchange Law, with the aim of incorporating provisions on combating terrorism, money laundering and transactions in the hydrocarbon sector.

The chairman of the Committee on Constitutional Affairs, Human Rights and Legality, António Boene, quoted by Lusa, said that the proposal to change the law aims to "reduce bureaucracy" in foreign exchange operations, bringing them into line with "technological changes" and the "fluidity" of international trade.

It also aims to remove "barriers to foreign investment and investments by residents abroad, as well as to facilitate international trade", through the "gradual liberalization of the capital account".

There are also prospects for the "meticalization" of the national economy, with "obligatory payments in national currency in all domestic transactions in the country" and a "harmonization of the various special exchange rate regimes in force, within the scope of mining and hydrocarbon exploration projects", in the case of investments in natural gas off the Rovuma basin, Cabo Delgado, without calling into question "the commitments already made".

The current Foreign Exchange Law has been in force since 2009 and is out of step with the country's reality, justifies the proposal for revision, drawn up in April.

In addition to the proposal to revise the Foreign Exchange Law, parliament will also discuss the bill establishing the legal framework for bank accounts.