Mozambique central bank unveils US$30 million headquarters

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Mozambique central bank unveils US$30 million headquarters

7:23 CAT | 04 Jul 2017

O País

President Filipe Nyusi of Mozambique has inaugurated the new headquarters of the Bank of Mozambique in Maputo, APA can report on Monday. The $300 million three buildings are a towering new landmark in downtown Maputo, and the largest of the buildings is an office tower 29 storeys tall, occupying a construction area of 25,900 square metres. The new central bank building was officially opened late on Monday.

Construction began in 2011, to modernise the central bank’s headquarters, improve working conditions for staff, and guarantee a better provision of banking services to the state and to other public bodies.

According to a central bank official, the resources came from the bank’s own funds, and did not involve taking any debt.

Meanwhile, the bank does not intend to abandon its old headquarters, which is a historic colonial building dating from 1964, and the governor of the bank, Rogerio Zandamela, has pledged to maintain it.

In his brief inauguration speech, Nyusi praised the role of the central bank in checking inflation, and in halting the depreciation of the Mozambican national currency, the metical.

Source: APA