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Purchasing of Foreign Currency (GBP/ Euro/ Dollars/Rands and all Major Currencies )

We can provide Rands or Dollars against Metical, at your request for payments in foreign currency to be made in Mozambique.

We can also sell foreign currency for payments overseas. In this case, the purchase FX amount will be kept in your account, waiting for documentation to pay overseas/or the use of advance payments.
Considering that the Rand is volatile, we can sell Dollars against Metical and make forward contracts
Dollar/Rand.

In the case of your company - Mozambique buying Forex from other banks, SBM cannot make sure that the transfer of funds from other banks to SBM will arrive on expected dates, as there is no formal settlement system at Central Bank for foreign currency.

Events & Social Responsabilities

NOTICE: Prohibition of external receipts via SWIFT MT103 in national currency

Please note that the Bank of Mozambique has communicated on the 10th June 2020 all commercial banks to not process inward payments in local currency, as they must be remitted to Mozambique in foreign currency, despite the beneficiary account being in MZN or in foreign currency.

Standard Bank plays leading role in Mozambique LNG financing

Standard Bank is one of the leading financial services providers involved in the financing of up to US $15 billion for the Mozambique LNG project, led by the French multinational Total, in the Rovuma basin, whose financing documents, confirming access to the senior debt, were signed on Wednesday, July 15.