Mozambique: Visa Invents Its Own Metical Exchange Rate ...Middle East

allafrica - Economy
Mozambique: Visa Invents Its Own Metical Exchange Rate
source : allafrica ( Middle East ) () 28
[AIM] Maputo -- The American financial services company Visa has set an artificial exchange rate for the Mozambican currency, the metical, which is dramatically at odds with the exchange rates practiced by Mozambican banks, and regulated by the Bank of Mozambique, reports Monday's issue of the independent newssheet "Carta de Mocambique".

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