RegAlertRule · BM · 10 Jan 1996
Notice No. 17/GGBM/96 of 30 December - Retention of Export Revenues
The Bank of Mozambique authorizes exporting entities to retain up to 100% of their export revenues in foreign currency at authorized credit institutions. This regulation defines exports as transactions between residents and non-residents under the Exchange Law and revokes Notice No. 002/GGBM/96. The notice becomes effective on 2 January 1997.
BANCO DE MOÇAMBIQUE
NOTICE No. 017/GGBM/96
SUBJECT: RETENTION OF EXPORT REVENUES
Within the framework of incentives that the Bank of Mozambique has been granting to exporters, with a view to increasing the export of goods and services through commercial banks, I determine:
Article 1
The retention in foreign currency by exporting entities of goods and services, at authorized Credit Institutions, may be carried out up to 100% of the value of export revenues.
Article 2
The export of goods and services shall be understood as a transaction carried out between residents and non-residents, in accordance with the Exchange Law.
Article 3
Notice No. 002/GGBM/96 of 28 June 1996 is hereby revoked.
Article 4
This Notice shall take effect from 02 January 1997.
Maputo, 30 December 1996.
THE GOVERNOR OF THE BANK OF MOÇAMBIQUE
Adriano Afonso Maleiane
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The links and the sentences they come from (1)
- Supersedes
- GGBM Notice No. 2 dated 1996-06-28Not in RegAlert
“Notice No. 002/GGBM/96 of 28 June 1996 is hereby revoked.”
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