1996-01-10

Added 2026-07-16 · Updated 2026-07-25

Notice No. 011/GGBM/96 Determining the Central Bank Annual Rediscount Rate Under Article 30 of Law No. 28/91

The Governor of the Central Bank sets the annual rediscount rate at 39.85% and defines usage limits for rediscount and add-on operations as percentages of demand deposits. A 2% surcharge applies to overdrafts and mandatory deposit deficits, calculated using a specified penalty rate formula. This notice takes effect on November 19, 1996, and may apply to existing operations if contracts allow for rate alterations.

Mozambique

Banco de Mocambique

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