The Council of Ministers yesterday approved the Decree authorizing the issue of the 45th Anniversary Commemorative Coin of the creation of the metical, which will be celebrated on 16 June 2025. The act took place during the 36th ordinary session of the Council of Ministers, which was held today (10) in Maputo. The currency is...
The Budget Execution report from the Ministry of Economy and Finance reveals that the circulation of banknotes and coins in Portugal fell by 214 million meticais, or 0.3%, during the first six months of the year. On the other hand, there was an increase in total deposits of 29.418 million meticais,...
On Saturday, the Republic of Mozambique Police (PRM), in the city of Chimoio, Manica province, arrested a citizen for counterfeiting notes from the new Metical series. The accused allegedly forged four metical notes of the new family using a printing machine at his workplace. The citizen was arrested in flagrante...
On Monday (17), the Bank of Mozambique (BdM) launched the "Metical" mobile app, for smartphones and tablets, at no cost to the user, which presents the "2024 Series" of Metical banknotes, which came into circulation on June 16. The app, according to a BdM press release, will allow...
The Bank of Mozambique (BM) introduced a new series of Metical banknotes on the 16th of this month. The 2024 series comes with visual and security changes. According to the BM, the new series will circulate at the same time as the notes and coins introduced on July 1...
The new series of Metical banknotes and coins enter into circulation today throughout the country, the Governor of the Bank of Mozambique, Rogério Zandamela, announced on Saturday. The notes of one thousand (1000 meticais), five hundred (500 meticais) and two hundred (200 meticais) are produced on a durable paper substrate, 100% cotton. And the most widely circulated notes, namely...
The exchange rate between the metical and the main international currencies (US dollar, euro and rand) remained stable from January to March this year. The data is contained in the Balance of the Economic and Social Plan and State Budget (BdPESOE), for the first quarter of 2024, to which MZNews had access. Thus, according to the...
The new tourism law approved by the Council of Ministers requires tourist resorts to accept the Metical as payment for their services. The proposal comes as a result of the denial of the national currency in tourist establishments, especially those near beaches and on the border, reports Notícias. The establishments prefer the Rand...
Russia's ambassador to Mozambique on Thursday defended the use of the ruble and the metical to maintain trade transactions with the African country in the face of sanctions it faces internationally. "The ruble and the metical are worthy currencies that can be used and do not need the benevolence of some other countries that control the...
The governor of the Bank of Mozambique (BM), Rogério Zandamela says that the strength of the national currency can only be achieved if there is an increase in production and productivity levels, associated with an improvement in the quality of domestic products and services. Zandamela, was speaking last Thursday, at the inauguration of the Metical Square, in the city of...