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Central bank suspends Ecobank Moçambique from market operations system – Carta
9:01 CAT | 06 Jul 2023
in file CoM
The Bank of Mozambique this Thursday (6th July) suspended, with immediate effect, Ecobank Moçambique S.A. from the Market Operations System (SOM), namely from the Interbank Monetary Markets (MMI) and the Interbank Foreign Exchange Market (MCI).
The information is contained in a note issued by the Market and Reserve Management Department of the Bank of Mozambique to institutions participating in the MMI and MCI.
The note does not give any reason for the suspension, merely stating that, “as a result of the suspension, Ecobank Moçambique S.A is prohibited from participating in the MMI and the MCI”.
Ecobank Mozambique has four branches located in Mozambique’s largest cities: two in the south of the country, one in the centre and another in the north. The bank has 118 employees.
Source: Carta de Moçambique
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