Bank of Mozambique

Bank of Mozambique
Banco de Moçambique
Headquarters1695 Avenida 25 de Setembro, Maputo
Coordinates25°58′22″S 32°34′18″E / 25.97278°S 32.57167°E / -25.97278; 32.57167
Established17 May 1975 (1975-05-17)
Ownership100% state ownership[1]
GovernorRogério Zandamela
Central bank ofMozambique
CurrencyMozambican metical
MZN (ISO 4217)
Reserves2 300 million USD[1]
Websitewww.bancomoc.mz

The Bank of Mozambique (Portuguese: Banco de Moçambique) is the central bank of Mozambique. The bank does not function as a commercial bank, and has the responsibility of governing the monetary policies of the country. The president of the Republic appoints the governor. The bank is situated in the capital, Maputo, and has two branches, one in Beira and one in Nampula. The Bank of Mozambique is active in developing financial inclusion policy and is a member of the Alliance for Financial Inclusion.[2]

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "AFI members". AFI Global. 2011-10-10. Archived from the original on 2012-02-20. Retrieved 2012-02-17.