Money
Currency: Mozambique Metical (MT) = 100 centavos. Notes are in denominations of MT100,000, 50,000, 20,000, 10,000, 5000, 1000, 500 and 100. Coins are in denominations of MT5000, 1000, 500, 100, 50, 20, 10, 5 and 1.
Currency exchange: There are bureaux de change at the airports. Money can also be changed at banks. It is advisable to take US Dollars or South African Rand.
Credit & debit cards: These are rarely used.
Travellers cheques: High rates of commission are often charged on these. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or South African Rand.
Currency restrictions: The import and export of local currency is prohibited. The import of foreign currency is unlimited, subject to declaration. The export of foreign currency is limited to the amount declared on import.
Exchange rate indicators
The following figures are included as a guide to the movements of the Metical against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 33741.60 | 35380.70 | 36907.50 | 37175.10 | | $1.00= | 23153.50 | 23263.00 | 23338.50 | 23347.50 |
Banking hours: Mon-Fri 0730-1530.
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