{"id":1398,"date":"2021-06-25T14:51:46","date_gmt":"2021-06-25T14:51:46","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=1398"},"modified":"2021-06-25T14:51:46","modified_gmt":"2021-06-25T14:51:46","slug":"standard-bank-suspended-from-exchange-market-aim-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report","title":{"rendered":"Standard Bank suspended from exchange market \u2013 AIM report"},"content":{"rendered":"<p><strong>AfricaPress-mozambique:<\/strong> The Bank of Mozambique on Wednesday suspended one of the country\u2019s largest commercial banks, Standard Bank, from all activities on the Interbank Exchange Market.<\/p>\n<p>The brief statement from the central bank gave no reason for the suspension but, according to Thursday\u2019s issue of the independent newssheet \u201cCarta de Mo\u00e7ambique\u201d, it follows an inspection which gave rise to suspicions that Standard Bank had committed violations of banking rules, presumably concerning the exchange rates it was practising.<\/p>\n<p>\u201cCarta de Mo\u00e7ambique\u201d accuses the governor of the central bank, Rog\u00e9rio Zandamela, of acting precipitately, since the inspection of Standard Bank is not yet complete. Nor has Standard Bank been given an opportunity to defend itself.<\/p>\n<p>It is not clear what impact the suspension will have, but it could be serious, since Standard Bank controls some 45 per cent of the exchange market, and holds the greater part of the deposits in foreign currency.<\/p>\n<p>The paper says the atmosphere at Standard Bank is calm, and that the bank is declining any responsibility for any damaging effects that the suspension may cause on the market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AfricaPress-mozambique: The Bank of Mozambique on Wednesday suspended one of the country\u2019s largest commercial banks, Standard Bank, from all activities on the Interbank Exchange Market. The brief statement from the central bank gave no reason for the suspension but, according to Thursday\u2019s issue of the independent newssheet \u201cCarta de Mo\u00e7ambique\u201d, it follows an inspection which [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":1402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[538,562],"class_list":["post-1398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-bank-of-mozambique","tag-standard-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Standard Bank suspended from exchange market \u2013 AIM report - Mozambique<\/title>\n<meta name=\"description\" content=\"The Bank of Mozambique on Wednesday suspended one of the country\u2019s largest commercial banks, Standard Bank, from all activities\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard Bank suspended from exchange market \u2013 AIM report\" \/>\n<meta property=\"og:description\" content=\"The Bank of Mozambique on Wednesday suspended one of the country\u2019s largest commercial banks, Standard Bank, from all activities\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-25T14:51:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/06\/bancomoc.file_.lusa_-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"588\" \/>\n\t<meta property=\"og:image:height\" content=\"391\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Standard Bank suspended from exchange market \u2013 AIM report\",\"datePublished\":\"2021-06-25T14:51:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report\"},\"wordCount\":192,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/06\/bancomoc.file_.lusa_-1.jpg\",\"keywords\":[\"Bank of Mozambique\",\"Standard Bank\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/economy\/standard-bank-suspended-from-exchange-market-aim-report\",\"name\":\"Standard Bank suspended from exchange market \u2013 AIM report - 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