REPUBLIC GAZETTE

OFFICIAL PUBLICATION OF THE REPUBLIC OF MOZAMBIQUE

NATIONAL PRESS OF MOZAMBIQUE, S.P.

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NOTICE

The matter to be published in the «Boletim da República» must be submitted as a duly authenticated copy, one for each subject matter, containing, in addition to the necessary indications, the following endorsement, signed and authenticated: For publication in the «Boletim da República».

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TABLE OF CONTENTS

Bank of Mozambique:

Notice No. 1/GBM/2025: Exceptional regime for the repatriation and conversion of export revenues from goods, services, and investment income abroad.

Notice No. 2/GBM/2025: Regime for the repatriation and conversion of reexportation revenues from petroleum products.

Notice No. 3/GBM/2025: Exceptional regime for minimum regulatory provisions.

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BANK OF MOZAMBIQUE

Notice No. 1/GBM/2025

of April 9

As it is necessary to establish an exceptional and transitional exchange-rate regime aimed at minimizing the effects of the current socio-economic scenario, the Bank of Mozambique, exercising the competence conferred by paragraph 3 of Article 20 of Law No. 28/2022, of December 29 (Exchange Rate Law), determines:

ARTICLE 1 (Subject Matter)

This Notice establishes the exceptional regime for the repatriation and conversion of export revenues from goods, services, and investment income abroad, as provided for in Notice No. 5/GBM/2024, of March 21.

ARTICLE 2 (Exceptional regime for revenue conversion)

Exceptionally, for a period of eighteen months from the effective date of this Notice, the conversion rate referred to in paragraph 1 of Article 4 of Notice No. 5/GBM/2024, of March 21, shall be 50% of the received value.

ARTICLE 3 (Maintenance of Notice No. 5/GBM/2024, of March 21)

Without prejudice to the provisions of the preceding article, the application of Notice No. 5/GBM/2024, of March 21, remains in effect.

ARTICLE 4 (Entry into Force)

This Notice enters into force on the date of its publication.

ARTICLE 5 (Clarification of Doubts)

Doubts regarding the interpretation and application of this Notice must be submitted to the Licensing and Exchange Control Department of the Bank of Mozambique.

Bank of Mozambique, in Maputo, April 2, 2025. Governor, Rogério Lucas Zandamela.

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Notice No. 2/GBM/2025

of April 9

The current situation regarding the importation of petroleum products determines the need for greater flexibility in foreign exchange management by intermediary banks, within the framework of petroleum product reexportation; accordingly, it is necessary to revise the regime for the repatriation and conversion of reexportation revenues from petroleum products. In these terms, the Bank of Mozambique, exercising the competence conferred by paragraph 3 of Article 20 of Law No. 28/2022, of December 29 (Exchange Rate Law), determines:

ARTICLE 1 (Subject Matter)

This Notice establishes the regime for the repatriation and conversion of reexportation revenues from petroleum products.

ARTICLE 2 (Scope)

This Notice applies to: a) entities that reexport petroleum products; and b) intermediary banks involved in the reexportation process.

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ARTICLE 3 (Definitions)

For the purposes of this Notice, the following terms are understood as: a) petroleum products – derivatives and residues from the refining or processing of petroleum, such as: propane, butane and their mixtures, also known as liquefied petroleum gases (LPG), automotive gasoline, aviation gasoline, naphtha, kerosene, jet fuel, diesel oil, fuel oils, lubricating oils and greases, paraffins, solvents, bituminous products, and any other analogous products with different names and origins that may serve the same purpose, including synthetic products, as well as compressed natural gas (CNG) and other gaseous fuels intended exclusively for use as fuel, excluding pure biofuels; and b) reexportation – the sale abroad of petroleum products in the same physical state in which they were previously imported or acquired from local production to supply the domestic market.

ARTICLE 4 (Payments related to the reexportation of petroleum products)

Payments related to the reexportation of petroleum products must not be made using foreign exchange sold by the national banking system.

ARTICLE 5 (Repatriation and conversion of revenues from the reexportation of petroleum products)

1. Entities that reexport petroleum products are obliged to repatriate their reexportation revenues via bank transfer within 30 days, counted from the date of shipment.
2. Reexportation revenues from petroleum products must be converted by the intermediary bank into national currency and in full amount of the received export value.
3. The conversion referred to in the preceding paragraph must be carried out upon receipt, at the spot exchange rate.

ARTICLE 6 (Sanction Regime)

Violation of the provisions set forth in this Notice constitutes a regulatory offense punishable under Law No. 28/2022, of December 29.

ARTICLE 7 (Repeal)

Notice No. 2/GBM/2023, of June 16, is hereby repealed.

ARTICLE 8 (Entry into Force)

This Notice enters into force on the date of its publication.

ARTICLE 9 (Clarification of Doubts)

Doubts regarding the interpretation and application of this Notice must be submitted to the Licensing and Exchange Control Department of the Bank of Mozambique.

Bank of Mozambique, in Maputo, April 2, 2025. – The Governor, Rogério Lucas Zandamela.

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Notice No. 3/GBM/2025

of April 9

As there is a need to establish an exceptional and transitional prudential regime aimed at minimizing the effects of the current socio-economic scenario, the Bank of Mozambique, exercising the competence conferred by Article 85 of Law No. 20/2020, of December 31 (Law on Credit Institutions and Financial Companies), determines:

ARTICLE 1 (Subject Matter)

This Notice establishes the exceptional regime regarding minimum percentages for provisions on non-performing loans, approved by Notice No. 16/GBM/2013, of December 31.

ARTICLE 2 (Scope)

1. This Notice applies to all credit institutions and financial companies subject to the supervision of the Bank of Mozambique.
2. The institutions referred to in the preceding paragraph, which pursuant to Article 3 of Notice No. 4/GBM/2007, of May 2, do not present their financial statements in accordance with International Financial Reporting Standards (IFRS), shall also apply the provisions of this Notice with necessary adaptations.

ARTICLE 3 (Regime for minimum percentages of provisions on non-performing loans)

For the purpose of calculating the minimum regulatory provisions on non-performing loans referred to in paragraph 1 of Article 10 of Notice No. 16/GBM/2013, of December 31, the following minimum percentages shall exceptionally apply:

Description	Risk Class I	II	III	IV	V
With 1st Mortgage on Borrower's Residence	1.00	2.50	10.00	37.50	100.00
Real Estate Financial Leasing Contracts	1.00	2.50	10.00	37.50	100.00
With 1st Mortgage on Borrower's Commercial Building	2.50	5.00	17.50	45.00	100.00
With Other Collateral	2.50	7.50	20.00	56.25	100.00
Without Collateral	2.50	7.50	25.00	63.75	100.00

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