Search results
Results from the WOW.Com Content Network
The Bank of Mozambique (Portuguese name: Banco de Moçambique) is the central bank of Mozambique. It does not provide consumer services to general public as a commercial bank. The main responsibility of the bank is governing the monetary policy of the nation and ensuring a safe and stable financial system within Mozambique [ 3 ] The Bank of ...
The metical (/ ˈ m ɛ t ɪ ˌ k æ l /; [2] plural: meticais) is the currency of Mozambique, abbreviated with the symbol MZN or MT.It is nominally divided into 100 centavos. The name metical comes from Arabic مثقال (), [3] a unit of weight and an alternative name for the gold dinar coin that was used throughout much of Africa until the 19th century.
This is a list of commercial banks in Mozambique, as updated by the Bank of Mozambique in May 2021. [1] ... Banco Comercial e de Investimentos, S.A. (BCI)
Before the end of the gold standard, gold was the preferred reserve currency. Foreign-exchange reserves is generally used to intervene in the foreign exchange market to stabilize or influence the value of a country's currency. Central banks can buy or sell foreign currency to influence exchange rates directly. For example, if a currency is ...
Currency Central bank Peg Benin: West African CFA franc: Central Bank of West African States: 1 EUR = CFA 655.957 Burkina Faso Guinea-Bissau Ivory Coast Mali Niger Senegal Togo Cameroon: Central African CFA franc: Bank of Central African States: 1 EUR= CFA 655.957 Central African Republic Chad Equatorial Guinea Gabon Republic of the Congo
The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, but such trading is usually illegal. [ citation needed ] In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (following the principle that one can ...
This page was last edited on 8 December 2006, at 03:42 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The bank is a large retail bank that serves the banking needs of individuals, small and medium-sized businesses (SMEs), and large corporations. It is a member of the South African banking conglomerate, Absa Group Limited, whose stock is traded on the Johannesburg Stock Exchange and whose total assets exceeded US$91 billion, as of October 2019.