2006-12-15

Added · Updated

Notice No. 5/GGBM/2006 of December 15 - Regulation of the Interbank Foreign Exchange Market and Revocation of Notice No. 13/GGBM/2005

The Bank of Mozambique approves the Regulation of the Interbank Foreign Exchange Market, establishing adherence requirements for commercial banks, including a minimum transaction amount of USD 50,000 and mandatory use of the MeticalNet application. This notice revokes Notice No. 13/GGBM/2005 and sets market operating hours from 8:30 to 15:30 on business days. Concurrently, the Ministry of Energy approves the standard contract model for electrical energy supply between Electricidade de Moçambique and consumers, detailing obligations for connection, payment, and service interruption.

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