Category: Banks. Country: Mozambique.
The Bank of Mozambique was created on May 17, 1975, through the Decree nr. 2/75, to be the Central Bank and the Issuing Bank. It had worked as a Commercial Bank as well. As a result of introduction of overall economic reform in the country, the Bank of Mozambique, has exclusively, been acting as Central Bank since approval of the law nr 1/92 of January 03. The main objective of the Bank of Mozambique is to guarantee the value National Currency. As a Central Bank, the Bank of Mozambique, is the advisor and consultant of the Goverment in monetary and financial issues, manager of the monetary policy, banker of the State and of the Institutions of Credit, manager of foreign reserves, supervisor of the financial sector, exchange authority, representative of the Goverment in international monetary relationships. The head-quarters of the Bank of Mozambique is in Maputo and has regional branches in Beira and Nampula cities.
Address: Av. 25 de Setembro 1695, POBox 423, Phone: 318000 Fax: 323712
