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Bank of Mozambique |
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Bank of Mozambique
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The Bank of
Mozambique (Portuguese: Banco de Moçambique) is the central bank of
Mozambique. The bank does not function as a commercial bank, and has the
responsibility of governing the monetary policies of the country. The
president of the Republic appoints the governor. |
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The Bank of
Mozambique therefore has to ensure the value of domestic currency through
the adoption of measures to ensure price stability. The institutional values
comprise the basic cultural values of the organization and represent a set
of principles within which the bank operates in order to achieve the
qualitative performance and the intended institutional success.
Vision of the
Bank of Mozambique is to ensure price stability and the expansion of
financial services throughout the country; promote a competitive, healthy
and sound financial sector; and face with success the challenges of regional
integration and dynamics of international development. |
In pursuit of this, the Bank
shall uphold the following core missions:
• Banker to the Government;
• Adviser to the Government in financial domain;
• Controller and manager of foreign exchange and monetary policies;
• Manager of the country’s external reserves;
• Intermediary in monetary international relations; and
• Supervisor of financial institutions.
The Bank's head office is in
Maputo, the capital city of Mozambique. The bank is currently represented by
regional branches in Beira and Nampula provinces and single branches in
Pemba, Lichinga, Quelimane, Tete and Maxixe cities. Two new branches will be
open shortly in Chimoio and Xai-Xai cities, thus completing the Central Bank
representativeness throughout the country.
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Bank of Mozambique |
HQ
Address: |
Av. 25 de Setembro nº1695
Maputo
Mozambique |
Tel: |
+258 2135 4600 |
Fax: |
+258 2132
3247 |
Website: |
www.bancomoc.mz |
Swift Code: |
BMOCMZMA |
Currency: |
Metical |
Banking Hours: |
Monday -
Friday : 0730 - 1530 |
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