Intelligent news from Mozambique

Metical-USD could hit 50 by year end – Standard Bank

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Standard Bank expects the Mozambican metical to strengthen to roughly 50 to the US dollar by the end of this year, thanks to a reduced current account deficit, and expectations of a return of foreign aid and a resolution of the current impasse between the government and its foreign creditors, the bank’s chief Mozambique economist said on Wednesday.

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