Browsing: Banco de Mocambique

Finance The Bank of Mozambique. Photo © Timothy Haccius / Zitamar News
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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 Maputo, capital of Mozambique. Photo: Zitamar News
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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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