Mozambique: Placed On Using Bank Cards Abroad

Maputo — The Bank of Mozambique, in its role as regulator of the national financial system, has announced that companies and individuals can only use their bank cards abroad to make payments of up to six million meticais (94,000 US dollars at the current exchange rate) per year.

This means that companies or individuals can only make payments abroad, using credit or debit cards, of up to 500,000 meticais per month, 125,000 meticais per week, and about 16,400 meticais per day.

According to a Bank…