The Bank of Mozambique has denied it has any intention to forcibly convert dollar-denominated accounts at Mozambican banks into meticais, insisting everything it is doing to stabilise the currency is in line with existing foreign exchange legislation. Also today, the central bank announced it would cap overseas transactions on Mozambican debit and credit cards at…...

Bank of Mozambique governor Ernesto Gove and the executive board, November 2015. Photo: Bank of Mozambique