Economist and Economic Advisor to the Confederation of Economic Associations of Mozambique - CTA, Eduardo Sengo, accuses the Bank of Mozambique (BM) of holding back the country's development by refusing to resolve the lack of liquidity in national and foreign currency in the country.

For Sengo, the Central Bank insists on a view that is mistaken or far from reality about the real situation of the national financial market in terms of the availability of currency.

According to Sengo, the institution led by Rogério Zandamela sees the lack of foreign currency as a "false problem", despite the fact that the CTA has been reporting on the issue for around three years.

"If we've been talking about a certain problem for three years, it can't be a false problem, but if it is, the WB has the technical capacity and access to information to produce an analysis or study and present it to everyone," indicating the existence of dollars on the market, or proposing solutions to solve the problems it finds, in its capacity as regulator of the exchange rate system.

"If we don't do that, we're mortgaging economic growth, but the jobs of many people. If [the WB] doesn't do it, and spends its life repeating that broken record of there is currency on the marketWe can only say that he is not taking the matter as he should", he said.

As he pointed out, it is now impossible to deny the lack of foreign currency, not least because the signs are showing. As an illustration, he pointed to the shortage of fuel on the domestic market that has been going on for a few weeks.

"And we warned that we would have fuel problems. And that's what's happening," he recalled, lamenting the fact that someone is saying "there's no problem".

According to the economist, who was speaking this afternoon at the CIP CastThe President of the Republic could intervene to resolve this issue, as he did with the commercial banks which, following a dialog with Daniel Chapo, agreed to support the recovery of the business sector after the electoral demonstrations.