Regulatory Alerts2024-06-14
Notice No. 8/GBM/2024, of June 14 – Establishes the Issuance and Characteristics of the “Series 2024” Metical Banknotes and Coins
The Bank of Mozambique issued Notice No. 8/GBM/2024 to establish the issuance and define the technical characteristics of the “Series 2024” Metical banknotes (polymer and paper substrates) and metallic coins, which entered circulation on June 16, 2024. The regulation specifies face values ranging from 1 centavo to 1,000 meticais, detailing dimensions, colors, security features (watermarks, latent images, optically variable ink, iridescent bands), and thematic designs for each denomination. Concurrently, the Council of Ministers approved Decree No. 41/2024 to set minimum purchase prices and ginning subsidies for cottonseed producers at 25.00 MT/Kg and 17.50 MT/Kg for the 2023/2024 agricultural campaign.
Share