Browsing: Banco de Mocambique

Finance
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Bank of Mozambique says no new FX cash withdrawal limits

Mozambique's central bank has finally moved to deny reports that it has imposed new limits on the withdrawal of cash from foreign currency-denominated bank accounts in Mozambique, more than a month after some banks slashed their limits for clients. Standard Bank has limited its customers to [...]

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Economy
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S&P, Moody’s downgrade conflict-hit Mozambique ahead of ‘tuna bond’ restructure

Credit rating agencies Standard & Poor’s and Moody’s yesterday downgraded Mozambique’s sovereign rating to CC on the expectation that the government’s attempt to restructure the outstanding $700 million of the controversial EMATUM debt will count as a [...]

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