Regulatory Alerts2025-04-09
Notice No. 1/GBM/2025, of April 9 – Exceptional Regime for Repatriation and Conversion of Export Revenues from Goods, Services, and Foreign Investment Income
The Bank of Mozambique issued Notice No. 1/GBM/2025 and Notice No. 2/GBM/2025 to establish an exceptional, eighteen-month transitional exchange-rate regime that mandates a 50% conversion rate for export revenues from goods, services, and foreign investments, while simultaneously introducing a revised repatriation framework for petroleum product re-exports. The notices maintain prior regulatory provisions and grant intermediary banks greater foreign exchange management flexibility to mitigate current socio-economic pressures. All interpretation queries regarding these measures must be directed to the Bank's Licensing and Exchange Control Department, with both notices taking effect upon publication.
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