1997-12-01
Added · Updated
The Bank of Mozambique establishes the Interbank Money Market (MMI) and approves its Regulations to facilitate liquidity exchange among authorized credit institutions. The framework permits unsecured lending and secured transactions using Treasury Bills and Monetary Authority Titles, with minimum operation values set at 5 million contos and terms not exceeding one year. Institutions must notify the central bank of all operations immediately via the Market Operations System and adhere to specific interest rate and collateral transfer requirements.