MZN – Mozambican Metical
Besides this limitation, this currency is considered to be complex (multiple information to be provided and complex processing).
- Currency Guidelines
Besides the standard information, even though the IBAN format is always recommended (see Appendix VI), it is important to note that the domestic account number format (NIB - Numero de Identificacao Bancario - twenty-one digits) can be used.
The full name (written out in full, without initials, abbreviations or acronyms) and the physical full address of the beneficiary are mandatory.
A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.
Example: Payment of travel expenses – invoice n° 123456789
Additionally, it is mandatory to provide in the remittance information:
• The beneficiary’s bank full address (exact branch location)
- Instructions, technical guidelines & more
To consult the Technical Guidelines of this currency, click hereTECHNICAL GUIDELINES
To consult the Appendix(es) click hereAppendix VI: IBAN Application Rules
- Additional information
• Available charge options: OUR/SHA/BEN
• Central bank of Mozambique: http://www.bancomoc.mz/Default_en.aspx