Notice No. 8/GBM/2018, of October 16 - Conditions for the Conversion of Export Revenues from Goods and Services, Foreign Investment Income, and Other Funds Received from Abroad

OFFICIAL GAZETTE OF THE REPUBLIC OF MOZAMBIQUE TABLE OF CONTENTS NOTICE The matter to be published in the "Official Gazette" must be submitted as a duly authenticated copy, one per subject matter, containing, in addition to the necessary indications for this purpose, the following endorsement, signed and authenticated: For publication in the "Official Gazette". NATIONAL PRESS OF MOZAMBIQUE, PUBLIC ENTERPRISE

Prime Minister: Order: Determines the termination of functions of Augusta de Fátima Charito Maita, from the position of Permanent Secretary of the Province of Sofala. Bank of Mozambique: Notice No. 8/GBM/2018: Conversion of export revenues from goods and services, foreign investment income, and other funds received from abroad. Tuesday, 16 October 2018 FIRST SERIES — Number 201

PRIME MINISTER Order Pursuant to Article 25 of Law No. 10/2017, of 1 August, which approves the General Statute of State Officials and Agents, combined with Article 22 of Law No. 8/2003 of 19 May, I determine the termination of functions of Augusta de Fátima Charito Maita from the position of Permanent Secretary of the Province of Sofala. Maputo, 16 October 2018. – The Prime Minister, Carlos Agostinho do Rosário.

BANK OF MOZAMBIQUE Notice No. 8/GBM/2018 of 16 October The approval and entry into force of Notice No. 20/GBM/2017, of 27 December, involved, among other procedures, the introduction of a new regime regarding the treatment of export revenues from goods and services, foreign investment income. Therefore, given the need to establish the conversion conditions for export revenues from goods and services, foreign investment income, and other funds received from abroad, in the exercise of the competence conferred upon it by Article 5 of Decree No. 49/2017, of 11 September, which revises the Foreign Exchange Regulations, the Governor of the Bank of Mozambique determines:

ARTICLE 1 (Subject Matter) This Notice establishes the conversion conditions for export revenues from goods and services, foreign investment income, and other funds received from abroad.

ARTICLE 2 (Scope) This Notice applies to all participants in foreign exchange operations carried out under the Foreign Exchange Law, as well as to entities responsible for ensuring compliance with their respective regulations, namely: a) Banks; b) Individuals or legal entities holding rights and obligations in the context of foreign exchange operations.

ARTICLE 3 (Conversion of export revenue, foreign investment income and other funds)

1. The conversion referred to in paragraph 6 of Article 8 of Notice No. 20/GBM/2017, of 27 December, is made at the bank's purchasing exchange rate in force on the date and at the time of the operation.
2. The provisions of the preceding paragraph apply to all foreign currency funds.

ARTICLE 4 (Sanction Regime) Violation of the provisions set forth in this Notice is punishable under Articles 10 and following of the Foreign Exchange Law, approved by Law No. 11/2009, of 11 March.

ARTICLE 5 (Clarification of Doubts) Doubts arising from the interpretation and application of this Notice are submitted to the Licensing and Foreign Exchange Control Department of the Bank of Mozambique.

ARTICLE 6 (Entry into Force) This Notice enters into force on the date of its publication.

Maputo, 1 October 2018. — The Governor, Rogério Lucas Zandamela.

Price — 10.00 MT NATIONAL PRESS OF MOZAMBIQUE, PUBLIC ENTERPRISE.