{"id":27676,"date":"2022-10-12T15:45:57","date_gmt":"2022-10-12T15:45:57","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved"},"modified":"2022-10-12T15:45:57","modified_gmt":"2022-10-12T15:45:57","slug":"mozambique-foreign-exchange-law-approved","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved","title":{"rendered":"Mozambique: Foreign Exchange Law approved"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Assembly of the Republic (AR) approved today in general and by consensus the proposal for the revision of law number 11\/2009, of 11 March \u2013 the Foreign Exchange Law.<\/p>\n

This is a legal provision that aims to render Mozambique\u2019s foreign exchange market modern, safe and efficient, in accordance with the best international practices; as well as harmonising with the flexibility objectives outlined by the Southern African Development Community (SADC).<\/p>\n

The government hopes the revision will strengthen the role of the metical in domestic commercial transactions and harmonise Mozambican law with the various special exchange regimes in force.<\/p>\n

Minister of Justice, Constitutional and Religious Affairs Helena Kida explained that the law in force is inappropriate to the country\u2019s stage of economic growth, being \u201ccharacterised, on the one hand, by the multiplication of the network of relationships between residents and non-residents in commercial exchanges and, on the other hand, by the volume of foreign investment, with an impact on projects for the exploitation of natural resources\u201d.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Assembly of the Republic (AR) approved today in general and by consensus the proposal for the revision of law number 11\/2009, of 11 March \u2013 the Foreign Exchange Law. This is a legal provision that aims to render Mozambique\u2019s foreign exchange market modern, safe and efficient, in accordance with the best […]<\/p>\n","protected":false},"author":84,"featured_media":27675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12],"tags":[233,281,283],"class_list":["post-27676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Foreign Exchange Law approved - Mozambique<\/title>\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\/all-news\/mozambique-foreign-exchange-law-approved\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Foreign Exchange Law approved\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. The Assembly of the Republic (AR) approved today in general and by consensus the proposal for the revision of law number 11\/2009, of 11 March \u2013 the Foreign Exchange Law. This is a legal provision that aims to render Mozambique\u2019s foreign exchange market modern, safe and efficient, in accordance with the best […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved\" \/>\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=\"2022-10-12T15:45:57+00:00\" \/>\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\/all-news\/mozambique-foreign-exchange-law-approved#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Foreign Exchange Law approved\",\"datePublished\":\"2022-10-12T15:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved\"},\"wordCount\":181,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/10\/postQueueImg_4-6346e383d3ba9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-exchange-law-approved\",\"name\":\"Mozambique: Foreign Exchange Law approved - 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