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The goal is to “increase the minimum conversion rate for export revenues from 30% to 50%.” and boost “the flow of foreign exchange from exporters to importers by approximately an additional USD 500 million per year,” according to the Economic Recovery and Growth Plan (PRECE), with reference to a decision adopted in April by the central bank.
The Mozambican government acknowledges “constraints on the import of essential goods” due to “currency shortages,” but guarantees that this flow will increase by USD 500 million, according to reports.
The goal is to “increase the minimum conversion rate for export revenues from 30% to 50%.” and boost “the flow of foreign exchange from exporters to importers by approximately an additional USD 500 million per year,” according to the Economic Recovery and Growth Plan (PRECE), with reference to a decision adopted in April by the central bank.
The Confederation of Economic Associations (CTA), Mozambique’s largest business association, warned on 18 February that the lack of foreign currency in the banking market was affecting operations, particularly in the health, aviation, fuel, and food import sectors.
The Mozambican government intends to mobilize USD 2.75 billion in the short to medium term to stimulate the economy, especially given the impacts of climate change and political instability, according to PRECE, which was approved on 16 September by the Council of Ministers (Cabinet).
The document explains that from 2021 to 2023, commercial banks’ foreign currency sales to the public exceeded their purchases. On average, banks sold USD 31.2 million and bought USD 28.9 million daily, “meaning there was a net sale or injection of USD 2.3 million daily.”
However, the document states, the situation changed between 2024 and 2025, with banks’ foreign exchange sales falling by about 18%, while purchases increased by 6%, thus absorbing about USD 4.8 million daily from the market, “causing market imbalances.”
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https://trendsnafrica.com/mozambiques-foreign-exchange-reserves-at-four-year-high/
According to central bank data, Mozambique’s Net International Reserves (NIR) reached a more than four‑year high, rising to USD 3.92 billion in June. The reserves had dropped to USD 3.593 billion in February before increasing for four consecutive months.