You are here: Corporate » Global Markets » Purchasing of Foreign Curre...

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

Standard Bank nomeia Administrador Delegado Interino

O Standard Bank tem o prazer de anunciar aos seus clientes, parceiros de negócio e à sociedade no geral, que nomeou o Senhor William le Roux para o cargo de Administrador Delegado Interino (CEO), com efeitos imediatos, cujo processo teve a aprovação do Banco de Moçambique.

Webinar: Foreign Exchange Regulation and Marketing Overview

Standard Bank recently promoted a virtual seminar (webinar) about the Regulation of Opening and Operating Accounts in Foreign Currency (Notice 10/GBM/19) in order to explain to its clients the changes that this instrument, approved by the Bank of Mozambique, introduces, as well as its implications, mainly in foreign operations.