Regulatory Alerts2017-09-11
Decree No. 49/2017 of September 11 – Reviews the Regulations of Law No. 11/2009 (Exchange Law) and Revokes Decree No. 83/2010
The Council of Ministers of Mozambique issued Decree No. 49/2017 to review the regulations governing Exchange Law (Law No. 11/2009) and revoke Decree No. 83/2010, thereby empowering the Bank of Mozambique to act as the national Exchange Authority. The decree mandates prior authorization for capital operations, establishes terms for foreign currency trading and cross-border transfers, and grants the central bank regulatory approval powers to implement exchange controls. Concurrently, Resolution No. 38/2017 formally recognizes the Goodbye Malária Foundation as a legal entity, approving its statutes to govern its national operations, governance structure, and initial capital of 10,058,492.53 meticais for malaria prevention initiatives.
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