Trading in stock exchanges Considering the reach and familiarity of the exchange platforms, promotion of trading in G-sec on the exchanges can be an another means of activating retail interest in G-sec. Reserve Bank is considering allowing banks and PDs to become members of exchanges to undertake proprietary trades in G-sec.
This event results from the process that began with the approval by the Parliament, of the Law Nº 7/2005, of December 20th, which creates and sets the value of the Metical conversion rate and empowers the Governor of the Banco de Moçambique to define the register designation of the Metical of the New Family.