The Bank of Mozambique has brought in new measures to take more control of foreign exchange, and warns more action may be needed as ‘unsustainable’ foreign debt repayments mount up Central bank now requires 15% of FX-denominated deposits to be held at central bank in dollars Last $200m EMATUM repayment in March was paid from…...

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