Regulatory Alerts2022-12-21
Circular No. 06/EFI/2022, of December 21 - Issuance of Commitment Terms for Banking Intermediation in Import and Export
The Bank of Mozambique mandates the issuance of Commitment Terms for banking intermediation in the import and export of goods where payments are made abroad or under special customs regimes. The circular specifies required supporting documentation for "Payment at Origin" transactions, including donation letters, offshore account authorizations, external loan registrations, and FDI project records, while exempting physical currency movements, customs warehouse entries, and specific clearance methods like the Simplified Single Document. It further clarifies exemptions for travelers, immigrants, and virtual goods purchases, with the regulation taking effect on December 27, 2022.
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