Home Uncategorized BM announces norms for entry and exit of national and foreign currency

BM announces norms for entry and exit of national and foreign currency

The alert of the Bank of Mozambique, made public through a note issued last Thursday, determines under Law No. 11/2009 of 11 March – Foreign Exchange Law.

In addition to monetary values, the standards and procedures cover precious metals and minerals: “On import and export of gold (in bar, ingot or other unworked form), silver, platinum and other precious metals and minerals, the bearer must present, in addition to the import documents, the respective authorization bulletin issued by the Bank of Mozambique.

According to the note, for the declaration of the amounts referred to, the holder of banknotes and coins must fill out, in duplicate, the form in a proper model, at the customs authorities, and must keep a duplicate of it.

The Bank of Mozambique recommends the use of alternative means of payment, such as bank cards and telegraphic transfers, to avoid the risk of theft.

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