Regulatory Alerts1997-12-01
Added · Updated
Notice No. 05/GGBM/97 Determining Interest Rates Under Article 53 of Law No. 28/91
The Banco de Moçambique sets the Central Bank Annual Reference Rate at 23.5% for refinancing operations with financial institutions, including special credit lines for small and medium-sized enterprises, industrial rehabilitation, and agricultural marketing. This rate applies to existing operations if their contracts allow for alteration upon the legal fixation of a new limit. The notice was issued by Governor Adriano Afonso Maleiane on 21 April 1997.
Topics
monetary
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