Regulatory Alerts2018-12-07
Notice No. 11/GBM/2018, of December 7 – Establishes Limits on the Sale, Withdrawal, Inflow and Outflow of Foreign Currency
The Bank of Mozambique issued Notice No. 11/GBM/2018 to amend specific provisions of its December 2017 foreign exchange regulations, aligning national limits with regional standards. The amended Articles 12, 105, 108, and 131 establish a uniform cap of USD 10,000.00 per traveler for foreign currency sales, account withdrawals for travel, physical cross-border cash movements, and the exit of gaming winnings. The Notice takes effect upon publication, with interpretive disputes referred to the Bank's Licensing and Foreign Exchange Control Department.
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