1997-12-01

Added 2026-07-16 · Updated 2026-07-25

Notice No. 08/GGBM/97 - Creation of New Accounts in the Banking System Plan

The Bank of Mozambique establishes new subaccounts under account 48 for foreign currency values to be collected, including specific categories for checks drawn on the Bank itself, other banks, and paid certified checks. The scope of account 556 is amended to cover checks and payment orders in foreign currency awaiting settlement, with new subaccounts created for captive checks, withdrawals, received and issued payment orders, advised checks, and old unsettled items. The notice provides detailed accounting schemes for recording transactions at origin and collecting counters. Balances previously held in accounts 5560 and 5561 must be transferred to the newly created accounts.

Mozambique

Banco de Mocambique

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