Due to Mozambique’s central bank’s actions, bank reserves have soared by 277%, now totaling €3,491 million ($3,735.37 million). Initially, the bank set reserves at 10.5% for local currency and 11% for foreign deposits. At that time, total deposits were 62,616 million meticais (€925 million / $990.25 million). The central bank adjusted these ratios twice in […]
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