The president of the Portugal-Mozambique Chamber of Commerce, João Figueiredo, along with other businesspeople, on Friday warned that the increase in compulsory reserves required of Mozambican commercial banks could have unpredictable consequences on the country’s financial system. The measure may “shake the financial system, mainly the smaller banks, with consequences that we cannot measure today,” … Continue reading Mozambique: Banks at risk after rise in reserves to be held by central bank – business | Watch