Notice No. 4/GBM/2026 and Notice No. 5/GBM/2026: Foreign Payment Limits via Bank Cards and Amendments to Prudential Position Limits for Credit Institutions

SUMMARY
NOTICE
The matter to be published in the "Boletim da República" must be sent in a duly authenticated copy, one for each subject, which must contain, in addition to the necessary indications for this purpose, the following endorsement, signed and authenticated: For publication in the "Boletim da República". NATIONAL PRESS OF MOZAMBIQUE, E.P. 2ND SUPPLEMENT Bank of Mozambique:
Notice No. 4/GBM/2026:
Establishes limits on payments abroad made through bank cards and revokes Notice No. 9/GBM/2025, of December 9.
Notice No. 5/GBM/2026:
Amends the limits on exchange position provided for in the Regulation on Prudential Ratios and Limits for Credit Institutions, approved by Notice No. 9/GBM/2017, of June 5. Tuesday, July 28, 2026 I SERIES — Number 142 BANK OF MOZAMBIQUE Notice No. 4/GBM/2026 of July 28 Considering it necessary to adjust the limits on payments made through bank cards in foreign operations, the Bank of Mozambique, under the provisions of paragraph d) of Article 9 of Law No. 28/2022, of December 29, Exchange Law, determines:

ARTICLE 1
Object
This Notice establishes limits on payments abroad made through bank cards.

ARTICLE 2
Scope
This Notice applies to credit institutions subject to the supervision of the Bank of Mozambique and to natural and legal persons, holders of bank cards issued in Mozambique, regardless of whether they are resident or non-resident for exchange purposes.

ARTICLE 3
Definitions
For the purposes of this Notice, the following is understood:
a) Bank card: payment instrument, generally in the form of a plastic card, made available by a credit institution to the holder, so that he/she, through access to a telecommunications network and based on the bank account associated with the card or the balance loaded into it, can perform banking operations. The bank card, according to its function, can be credit, debit, or prepaid; b) Payment abroad: any payment operation carried out abroad with a bank card issued by a credit institution authorized by the Bank of Mozambique; c) Holder: natural or legal person, resident or non-resident for exchange purposes, who enters into a contract for the issuance of a bank card with a credit institution in Mozambique and is permitted to use it.

ARTICLE 4
Prior verification

1. Credit institutions must verify with the Bank of Mozambique, before issuing or renewing the bank card, the client's status regarding limits on payments abroad.
2. If from the verification referred to in the previous number, the credit institution finds that the client has already reached the limit on payments abroad, the provisions of paragraph 4 of Article 5 shall apply to the card to be issued or renewed.

ARTICLE 5
Limits on payments abroad

1. Natural and legal persons may only make payments abroad using a bank card up to an annual limit equivalent to 3,000,000.00 MT (three million meticais).
2. The annual limit corresponds to the value aggregated across the entire national banking system, fixed for each holder, regardless of the number of contracts entered into with credit institutions, the number of bank cards, and the payment channels through which transactions are made, including cash withdrawals.
3. The annual limit does not prejudice the daily limits defined for each card by the credit institution.
4. Upon reaching the limit set in paragraph 1, all credit institutions must immediately block the bank cards of the same holder for the purpose of carrying out transactions abroad.
5. For the purposes of this Notice, the limit is fixed for each calendar year.

ARTICLE 6
Fixation of limits by the Bank of Mozambique

1. The Bank of Mozambique fixes, on a case-by-case basis and upon request, limits different from those established in paragraph 1 of the previous article, in manifestly weighty cases.
2. The request must be duly justified and submitted by the holder to a credit institution of his/her choice, accompanied by the following information:
   a) Documentary evidence of the fact generating the need; b) Desired amount; and c) Other relevant information.
3. The credit institution must issue a reasoned opinion and submit it to the Bank of Mozambique, together with the elements referred to in the previous number, within five (5) business days.
4. Upon receiving the opinion referred to in the previous number, the Bank of Mozambique decides within fifteen (15) business days.
5. The Bank of Mozambique communicates the decision through the credit institution that processed the request.
6. In the event of authorization of the limit referred to in paragraph 1 of this article, the Bank of Mozambique communicates electronically to all credit institutions, which must notify the bank card holder within one (1) business day.
7. Upon receiving the communication referred to in the previous number, credit institutions must update the status of the bank card holder within a maximum period of one (1) business day.

ARTICLE 7
Duty to communicate

1. Credit institutions must communicate to bank card holders whenever:
   a) Half of the annual limit is reached; b) 75% of the annual limit is reached; c) The annual limit is reached; and d) Bank cards are blocked.
2. The provisions of the previous number also apply to the additional limit referred to in the previous article.
3. The Bank of Mozambique notifies credit institutions electronically of the facts referred to in paragraphs a), b), and c) of paragraph 1 of this article.

ARTICLE 8
Application of the Bank Card Regulation
Without prejudice to the provisions of this Notice, credit institutions must observe the duties provided for in the Bank Card Regulation, approved by Notice No. 1/GBM/2014, of June 4, amended and republished by Notice No. 10/GBM/2017, of June 7.

ARTICLE 9
Transitional provision
Regardless of the level of usage carried out under Notice No. 9/GBM/2025, of December 9, bank card holders are subject to the limits established in this Notice.

ARTICLE 10
Additional instructions
The Bank of Mozambique issues, by Circular, additional instructions regarding this Notice.

ARTICLE 11
Sanctioning regime
Violation of the provisions of this Notice constitutes an exchange offense punishable under the terms of Law No. 28/2022, of December 29, Exchange Law.

ARTICLE 12
Revocation
Notice No. 9/GBM/2025, of December 9, is revoked.

ARTICLE 13
Clarifications
Requests for clarification concerning the interpretation and application of this Notice must be submitted to the Licensing and Exchange Control Department of the Bank of Mozambique.

ARTICLE 14
Entry into force
This Notice enters into force on the date of its publication.
Bank of Mozambique, in Maputo, July 27, 2026.
Governor, Rogério Lucas Zandamela.

Notice No. 5/GBM/2026 of July 28
Considering it necessary to amend the limits on exchange position due to the dynamics of the financial market and the national economy, the Bank of Mozambique, in the exercise of the competence conferred upon it by Article 85 of the Law on Credit Institutions and Financial Companies (LICSF), determines:

Article 1
Object
This Notice amends the limits on exchange position provided for in the Regulation on Prudential Ratios and Limits for Credit Institutions, approved by Notice No. 9/GBM/2017, of June 5.

Article 2
Amendment to Notice No. 9/GBM/2017, of June 5
Articles 1, 21, and 25 of the Regulation on Prudential Ratios and Limits for Credit Institutions are amended to read as follows:

«Article 1
(Scope)

1. (...)
2. To the institutions referred to in the previous number that, pursuant to the provisions of Article 3 of Notice No. 4/GBM/2007, of May 2, do not present their financial statements in accordance with International Financial Reporting Standards (IFRS), the provisions of this Regulation shall also apply with the necessary adaptations.

Article 21
(Limits)
Credit institutions must not present, at the close of each day:
a) A global long exchange position exceeding 2% or a short position exceeding 20% of their own funds; and b) An exchange position in each foreign currency, long exceeding 1% or short exceeding 10% of their own funds.

Article 25
(Instructions and clarifications)

1. The Bank of Mozambique issues, by Circular, the necessary instructions for compliance with the provisions of this Regulation.
2. Doubts regarding the interpretation and application of this Regulation must be submitted to the Prudential Supervision Department of the Bank of Mozambique.»

Article 3
Addition to Notice No. 9/GBM/2017, of June 5
Article 26 is added to the Regulation on Prudential Ratios and Limits for Credit Institutions, which shall read as follows:

«Article 26
Sanctioning regime
Non-compliance with the provisions of this Notice constitutes an offense punishable under the terms of Law No. 20/2020, of December 31, Law on Credit Institutions and Financial Companies.»

Article 4
Entry into force
This Notice enters into force on August 3, 2026.
Bank of Mozambique, in Maputo, July 28, 2026. – Governor, Rogério Lucas Zandamela.