Browsing: metical

Economy A graph from the IMF presentation, 30 May 2017
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Standard Bank now expects Mozambique’s currency, the metical, to stabilise at its current level of around 60-61 to the dollar through the end of 2017 - a sentiment echoed by the International Monetary Fund’s representative in Mozambique this week who said [...]

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Economy The Bank of Mozambique seen behind a dilapidated building in Maputo's downtown. © Nuno Rosario via Flickr
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Mozambique has slipped further into arrears on its $2 billion in ‘hidden’ debt  after missing the second payment on a government-guaranteed $535 million loan taken out by Mozambique Asset Management (MAM) today. However, the de facto policy of non-payment [...]

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Economy The Port of Maputo
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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 [...]

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Economy The Bank of Mozambique's Monetary Policy Committee press conference in December 2016. Photo © Alexandre Nhampossa / Zitamar News
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Analysts agree that the Bank of Mozambique will probably hold interest rates steady at its monetary policy committee meeting on Monday, despite a fall in inflation over the last two months. However, there is no agreement on the prospects for the metical in [...]

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