Mozambique to Curb Use of Credit Cards Abroad to Stem OutflowsBy
Rising use of cards abroad equivalent to half of exports
Seeks to ensure companies convert export revenues to meticais
Mozambique plans to limit the use by its citizens of credit and debit cards abroad to help stem foreign-exchange outflows and protect the southern African nation’s economy, which has been ravaged by a slump in commodity prices.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.