{"id":8416,"date":"2021-11-04T15:46:37","date_gmt":"2021-11-04T15:46:37","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=8416"},"modified":"2021-11-04T15:29:47","modified_gmt":"2021-11-04T15:29:47","slug":"mozambique-foreign-reserves-enough-for-six-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months","title":{"rendered":"Mozambique: Foreign reserves enough for six months"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remained comfortable, and sufficient to cover further six months of imports.<\/p>\n

Speaking at the opening ceremony of a meeting of the Consultative Council of the central bank, in the northern city of Nampula, Zandamela said that strengthening compliance with the exchange law, with emphasis on the on-site inspection of commercial banks and other credit institutions, has strengthened the country\u2019s external position.<\/p>\n

\u201cThe moves put in place have enabled us to reach our great goal which consists of price stability and we have witnessed a stability of the metical against the US dollar,\u201d Zandamela stated at the three day meeting.<\/p>\n

The central bank\u2019s governor added that the international reserves have increased thanks to the recent granting, by the International Monetary Fund (IMF), of special drawing rights equivalent to 308 million dollars.<\/p>\n

Given the positive results achieved, the central bank decided to reduce the compulsory reserve coefficient in foreign currency, which is the amount of money that the commercial banks must deposit with the Bank of Mozambique.<\/p>\n

In September, the coefficient for local currency fell from 11.5 to 10.5 per cent, but for foreign currency the cut was much sharper, from 34.5 per cent to 11.5 per cent. This move, the bank said at the time, \u201cseeks to make more liquidity available for the economy\u201d.<\/p>\n

\u201cThe reduction of the required reserve ratio has enabled the country to add 500 million dollars to the financial system, which will contribute to the country\u2019s economic recovery,\u201d Zandamela announced.<\/p>\n

He has also pointed to the improvement in global demand from the third quarter of the year, following a gradual reopening of the world economies, boosted by the lifting of the Covid-19 restrictive measures.<\/p>\n

The Mozambican Gross Domestic Product recorded a two per cent annual growth, in the second quarter of the year, said Zandamela. But growth in the same period in 2020 had been 3.5 per cent.<\/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 Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remained comfortable, and sufficient to cover further six months of imports. Speaking at the opening ceremony of a meeting of the Consultative Council of the central bank, in the northern city of Nampula, Zandamela said […]<\/p>\n","protected":false},"author":84,"featured_media":8413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8,16],"tags":[233,281,283],"class_list":["post-8416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nMozambique: Foreign reserves enough for six months - Mozambique<\/title>\n<meta name=\"description\" content=\"The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remaine ...\" \/>\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-reserves-enough-for-six-months\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mozambique: Foreign reserves enough for six months\" \/>\n<meta property=\"og:description\" content=\"The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remaine ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months\" \/>\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=\"2021-11-04T15:46:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\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=\"2 minutes\" \/>\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-reserves-enough-for-six-months#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Mozambique: Foreign reserves enough for six months\",\"datePublished\":\"2021-11-04T15:46:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months\",\"name\":\"Mozambique: Foreign reserves enough for six months - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg\",\"datePublished\":\"2021-11-04T15:46:37+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remaine ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg\",\"width\":780,\"height\":470,\"caption\":\"Mozambique: Foreign reserves enough for six months\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mozambique: Foreign reserves enough for six months\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Mozambique: Foreign reserves enough for six months - Mozambique","description":"The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remaine ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months","og_locale":"en_US","og_type":"article","og_title":"Mozambique: Foreign reserves enough for six months","og_description":"The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remaine ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-11-04T15:46:37+00:00","og_image":[{"width":780,"height":470,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Mozambique: Foreign reserves enough for six months","datePublished":"2021-11-04T15:46:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months"},"wordCount":343,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","community","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months","name":"Mozambique: Foreign reserves enough for six months - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg","datePublished":"2021-11-04T15:46:37+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The Governor of the Bank of Mozambique, Rogerio Zandamela, on Wednesday said that the country\u2019s foreign reserves remaine ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/11\/img-6183fc5078ff2.jpg","width":780,"height":470,"caption":"Mozambique: Foreign reserves enough for six months"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-foreign-reserves-enough-for-six-months#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"Mozambique: Foreign reserves enough for six months"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/8416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=8416"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/8416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/8413"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=8416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=8416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=8416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}