Aviso 2 - Import/Export Regulations
Aviso 2 - Banking Regulations with Respect to Import and Export
The implementation of Aviso no. 2, a revision of the previous Aviso no. 6 GGBM/2005 has potential to severely impact the trading community due to the costs it will impose on various specific international trade transactions, export and import. Not only does the regulation (Aviso No. 2) impose some costs which will be charged by the commercial banks handling the payments, but it slows down the payment process, and restricts various advance payment possibilities for exports and imports. Essentially, the regulation appears to be designed to ensure that the foreign exchange paid or received in connection with various trading operations is reliably and rapidly paid into the Mozambique banking system and subjected to foreign exchange regulations.
The briefing note below assesses the potential impact of Aviso 2.