International Reserves in Mozambique
Mozambique - International Reserves
The economy entered 2019 on a soft note, with annual growth slowing to 2.5% in Q1 (Q4 2018: +3.0% year-on-year) mainly due to weaker activity in the transport, information and communications sector as well as in the all-important mining industry. Meanwhile, on 31 May, officials reached a tentative restructuring deal with holders of the defaulted 2023 bonds. The agreement would provide the government significant cash flow relief in the near term while creditors would no longer have a claim on the country’s future gas revenues, a point which faced strong resistance domestically under the previous arrangement. At the conclusion of its Article IV visit on 4 June, the IMF welcomed the deal but also urged authorities to undertake a more comprehensive strategy to address the government’s high debt load.Mozambique - International Reserves Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 3.4 | 3.2 | 2.6 | 2.1 | 3.4 |
Mozambique International Reserves Chart
Source: Bank of Mozambique
Mozambique Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 62.08 | 0.48 % | Jul 11 |
| Stock Market | 0.1 | 0.0 % | Jul 11 |
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