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MZN – Mozambican Metical

Overview

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 here

TECHNICAL GUIDELINES

To consult the Appendix(es) click here

Appendix VI: IBAN Application Rules
Additional information

• Available charge options: OUR/SHA/BEN

• Central bank of Mozambique: http://www.bancomoc.mz/Default_en.aspx