Mozambique: Bank reserves continue to fall, down 0.4% in July
Mozambique: Bank reserves continue to fall, down 0.4% in July
The volume of Mozambican banks’ reserve requirements fell by 0.4% in July to 301.74 billion meticais (€4.103 billion), continuing the decline that began in June after a sharp rise driven by tighter reserve ratios. According to statistical data from the Bank of Mozambique, consulted by Lusa today, these required reserves held by commercial banks with…
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The volume of Mozambican banks’ reserve requirements fell by 0.4% in July to 301.74 billion meticais (€4.103 billion), continuing the decline that began in June after a sharp rise driven by tighter reserve ratios. According to statistical data from the Bank of Mozambique, consulted by Lusa today, these required reserves held by commercial banks with…