The Bank of Mozambique-supervised Deposit Guarantee Fund says that compensation for depositors of the insolvent ‘Nosso Banco’ will be limited to 20,000 meticais per person (about US$260.5). On Friday, Mozambique’s central bank announced the cancellation of the ‘Nosso Banco’ license. The bank’s conditions is so parlous that it will not be sold or restructured but … Continue reading Watch: Nosso Banco customers may only recover up to 20.000 meticais each – Bank of Mozambique