The Bank of Mozambique, in its capacity as foreign exchange authority, has approved 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 from the current 30 % to 50 %, resulting from...
The Police of the Republic of Mozambique (PRM) has issued a warning about the circulation of counterfeit notes at illegal foreign currency exchange points in Maputo city. PRM operations led to the arrest of a citizen in possession of 1,400 rands in counterfeit notes. "We have information that these individuals do these jobs...
The European Commission proposed on Friday that the European Union facilitate, free of charge and at the official exchange rate, the conversion of Ukrainian banknotes into local currency, up to nearly 300 euros (10,000 hryvnias) per person fleeing the war in Ukraine. This measure will last for at least three months. "The Commission today [Friday] adopted the...
After a surprising appreciation from 74 to 55 Meticais per dollar unit in March, the national currency depreciates again