Mozambique: President highlights ‘controlled inflation and robust reserves’ at central bank’s 50th anniversary

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Mozambique: President highlights ‘controlled inflation and robust reserves’ at central bank’s 50th anniversary

1:46 CAT | 19 May 2025

Photo: Notícias

The Mozambican president stated yesterday that the country, as it celebrates the 50th anniversary of the Bank of Mozambique, is experiencing “controlled inflation and robust international reserves”, despite “all the adversities”.

“Today, the country is experiencing controlled inflation and robust international reserves, despite all the adversities, floods, cyclones, Covid-19. The Bank of Mozambique remains robust,” Daniel Chapo said in Maputo during the ceremony celebrating the 50th anniversary of the Bank of Mozambique and the 45th anniversary of the metical, the country’s currency.

According to the head of state, during its 50 years, the central bank has shown that “monetary stability is possible”, even in the midst of global turmoil, also mentioning that financial inclusion “has ceased to be a goal and has become a reality” in Mozambique.

“Millions of Mozambicans, from Rovuma to Maputo, from Zumbo to the Indian Ocean, now have access to banking services, microcredit and mobile payments that transform lives and strengthen communities,” said the statesman, citing the process as a reflection of “courageous decisions” and a “solid commitment” to collective well-being.

The President of Mozambique also challenged the central bank to materialize “a set of dreams of many Mozambicans”, among which is to see a resilient, green economic system that finances clean energy.

Chapo also reiterated the commitment to support the Bank of Mozambique in three “major areas”, namely inclusion and innovation, lasting stability and financial sustainability.

“This is our commitment to future generations: a strong metical for a strong Mozambique, a visionary Bank of Mozambique for a country on the rise. May each of us be the guardian of this currency that carries, in its essence, the identity and future of Mozambique,” President Chapo concluded.

Source: Lusa