Mozambique currently has international reserves of 3.2 billion dollars, which guarantee the equivalent of four months of estimated imports of goods and services for this year, according to the central bank.
“International reserves remain at satisfactory levels. The country’s external position, measured by gross international reserves, remains satisfactory,” reads a monthly report from the Bank of Mozambique (BdM), to which Lusa had access this Thursday, 28 September.
The document adds that by 15 September Mozambique had “an accumulated balance” of 3.2 billion dollars, “enough to cover around four months of imports of goods and services, excluding major projects”.
In the 2023 State Budget, the Mozambican government set the goal of building up Net International Reserves of 2.9 billion dollars, “corresponding to three months of covering imports of non-factorial goods and services”.
Mozambique’s international reserves have been falling since 2021, the International Monetary Fund announced in July.