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Bank of Mozambique suspends Standard Bank from Interbank Foreign Exchange Market
8:12 CAT | 24 Jun 2021
File photo: eparch.co.za
The Bank of Mozambique announced on Wednesday its decision to suspend Standard Bank from the Interbank Foreign Exchange Market (MCI).
“The institutions participating in the MCI are informed that Standard Bank Moçambique SA, by suspension decided by the Bank of Mozambique, is prohibited, with immediate effect, from participating in all activities of the foreign exchange market,” a central bank document reads, without further explanation.
A source at Standard Bank, in Maputo, confirmed the information, but said that, for now, the institution has no comments to make.
Source: Lusa
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