Notice No. 4/GBM/2025, of August 1 – Exceptional Regime for Foreign Exchange Position Limits

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Friday, August 1, 2025 | Series I — Number 146 SUMMARY NOTICE The matter to be published in the «Boletim da República» must be submitted as a duly authenticated copy, one for each subject matter, containing, in addition to the necessary indications for this purpose, the following endorsement, signed and authenticated:
For publication in the «Boletim da República».
IMPRENSA NACIONAL DE MOÇAMBIQUE, E.P.
Bank of Mozambique:
Notice No. 4/GBM/2025:
Establishes the exceptional regime concerning the foreign exchange position limit provided for in the Regulation on Prudential Ratios and Limits of Credit Institutions, approved by Notice No. 9/GBM/2017, of June 5. Price — 10.00MT IMPRENSA NACIONAL DE MOÇAMBIQUE, E.P.

BANK OF MOZAMBIQUE
Notice No. 4/GBM/2025

Finding it necessary to exceptionally update the prudential ratios and limits applicable to credit institutions, in order to align them with the dynamics of the national economy, the Bank of Mozambique, using the competence conferred upon it by paragraph 1 of Article 85 of Law No. 20/2020, of December 31, the Credit Institutions and Financial Companies Law, determines:

ARTICLE 1
Subject Matter
This Notice establishes the exceptional regime concerning the foreign exchange position limit provided for in the Regulation on Prudential Ratios and Limits of Credit Institutions, approved by Notice No. 9/GBM/2017, of June 5.

ARTICLE 2
Scope

1. This Notice applies to credit institutions subject to the supervision of the Bank of Mozambique.
2. The provisions of this Notice shall also apply, with necessary adaptations, to the institutions referred to in the preceding paragraph that, pursuant to Article 3 of Notice No. 4/GBM/2007, of May 2, do not submit their financial statements in accordance with International Financial Reporting Standards (IFRS).

ARTICLE 3
Foreign Exchange Position Limits
For the purposes of the foreign exchange position limit referred to in Article 21 of the Regulation on Prudential Ratios and Limits of Credit Institutions, exceptionally, the credit institution must not present at the close of each day:
a) a global long foreign exchange position exceeding 2% or a short position exceeding 20% of its own funds; and b) a foreign exchange position in each foreign currency that is long and exceeds 1% or short and exceeds 10% of its own funds.

ARTICLE 4
Duration of the Exceptional Regime
The exceptional regime set forth in the preceding article shall remain in force for a period of three hundred and sixty-five days, counting from the date of entry into force of this Notice.

ARTICLE 5
Penalty Regime
Non-compliance with the provisions of this Notice constitutes an administrative offence punishable under Law No. 20/2020, of December 31, the Credit Institutions and Financial Companies Law.

ARTICLE 6
Entry into Force
This Notice shall enter into force on the date of its publication.

ARTICLE 7
Clarifications
Doubts regarding the interpretation and application of this Notice must be submitted to the Prudential Supervision Department of the Bank of Mozambique.

The Governor of the Bank of Mozambique, Rogério Lucas Zandamela.