Mozambique Encouraging Cash In Circulation

WHILE OTHER COUNTRIES may be concerned about electronic payments Mozambique is finding ways to ensure cash moves freely through circulation.

On March 5 the Bank of Mozambique, ( Banco de Moczambique) with the country’s credit institutions and financial companies (known as ICSF), signed a memorandum of understanding in Maputo. Through this MOU the three institutions will share the responsibilities of managing