Regulatory Alerts2021-12-22
Notice No. 10/GBM/2021, of December 22 – Regulation on the Unique Banking Identification Number
The Bank of Mozambique issued Notices Nos. 4, 5, and 6 on December 22, 2021, establishing unified rediscount rates, approving the Market Operations System regulation, and updating the Interbank Money Market framework. These regulations mandate standardized operational procedures, eligibility criteria, and liquidity management mechanisms for credit institutions participating in interbank markets. Furthermore, they enforce strict compliance through real-time communication via Meticalnet, define minimum transaction amounts, and outline clear admission, suspension, exclusion, and readmission procedures to ensure monetary policy objectives are met.
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