Regulatory Alerts2005-12-20
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Republic of Mozambique Official Gazette Supplement No. 50 of December 20, 2005
The Assembly of the Republic enacted Law No. 7/2005 to create a conversion rate of 1000 units for the Circulating Metical to the Metical of the New Family, effective January 1, 2006. The Council of Ministers issued Decree No. 50/2005 to grant a thirteenth-month salary allowance to state employees, Defense and Security Forces, pensioners, and foreign technicians paid by the State Budget in 2005. Additionally, Decree No. 51/2005 approved the first phase of the Rio Doce Mozambique Integrated Development of Moatize project, granting specific fiscal, customs, and exchange regime incentives to the implementing company. The Ministry of the Interior granted Mozambican nationality by naturalization or reacquisition to eight specific individuals through Ministerial Diplomas No. 236 through 243.