{"id":43295,"date":"2023-07-24T19:25:41","date_gmt":"2023-07-24T19:25:41","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-mocambique-readmitted-to-interbank-foreign-exchange-market"},"modified":"2023-07-24T19:31:52","modified_gmt":"2023-07-24T19:31:52","slug":"standard-bank-mocambique-readmitted-to-interbank-foreign-exchange-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/standard-bank-mocambique-readmitted-to-interbank-foreign-exchange-market","title":{"rendered":"Standard Bank Mo\u00e7ambique readmitted to Interbank Foreign Exchange Market"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Standard Bank Moc\u0327ambique will be readmitted to the Interbank Foreign Exchange Market from Monday, after \u201ccorrective measures\u201d have been adopted by the institution, the Mozambican central bank announced on Friday.<\/p>\n

\u201cThe decision stems from the fact that Standard Bank Moc\u0327ambique, SA has adopted significant corrective measures aimed at adapting its performance to current standards and practices,\u201d the central bank explains in a statement.<\/p>\n

It adds that the readmission will takes effect \u201cas of July 24\u201d (Monday), from when the bank will be authorised \u201cto carry out all operations legally permitted\u201d.<\/p>\n

The Standard Bank Mozambique exclusion was applied precisely two years ago and renewed by the central bank on July 24, 2022.<\/p>\n

The central bank previously claimed to have found \u201cevidence of persistence of serious irregularities\u201d, in the course of monitoring the bank since July 2021.<\/p>\n

Standard Bank Mozambique is considered one of the three systemic banks in the country, along with Banco Comercial e de Investimentos (BCI), which is majority owned by two Portuguese banks, Caixa Geral de Depo\u0301sitos and BPI, and Millennium Bim (BCP group).<\/p>\n

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

Africa-Press – Mozambique. Standard Bank Moc\u0327ambique will be readmitted to the Interbank Foreign Exchange Market from Monday, after \u201ccorrective measures\u201d have been adopted by the institution, the Mozambican central bank announced on Friday. \u201cThe decision stems from the fact that Standard Bank Moc\u0327ambique, SA has adopted significant corrective measures aimed at adapting its performance to […]<\/p>\n","protected":false},"author":84,"featured_media":43294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-43295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nStandard Bank Mo\u00e7ambique readmitted to Interbank Foreign Exchange Market - Mozambique<\/title>\n<meta name=\"description\" content=\"Standard Bank 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