Regulatory Alerts1999-11-01
Added · Updated
Regulation on the Standardization of Cheques
The Bank of Mozambique mandates that all credit institutions and other designated entities in Mozambique adopt a standardized cheque model with specific dimensions, paper characteristics, and MICR-E13B magnetic ink printing technology. The regulation defines precise layout requirements for identification fields and magnetic bands on the front of the cheque, while allowing free use of the back for clearing stamps. A one-year transitional period is established for simultaneous circulation of old and new cheques, after which only standardized forms will be settled.
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