2  BIS Review 30/2007  The Banco de Moçambique continued to be the main supporter of the Interbank Foreign Exchange Market (IFEM), in terms of foreign currency sales, having to date allocated a total of USD 435 million net, in auctions and bilateral sales, against 393 million recorded in 2005.
The foreign exchange market witnessed an increased confidence among its operators and this is proved by the increased volume and frequency of foreign exchange transactions among commercial banks, which peaked to 181.4 million in 2006, against 39.5 million in 2005. External sector developments (BoP) Ladies and Gentlemen According to information reported to September 2006, our Balance of Payments shows encouraging results.