Africa Monitor Intelligence
Mozambique: Pressure Increases on Chapo to Replace Central Bank Governor
The Confederation of Economic Associations (CTA), which brings together businesspeople mostly linked to FRELIMO and the government, has criticized the decision to maintain the reserve requirement ratio at 39% for liabilities in national currency and 39.5% for foreign currency, accusing ROGÉRIO ZANDAMELA of contributing to the currency crisis by keeping the net reserve limit above the IMF's own baseline.