Are there any penalties for refusing to accept Mozambican Meticals as payment?

Feb 19, 2025 ... On Feb. 19, 2025, S&P Global Ratings lowered its long-term local currency sovereign credit rating on Mozambique to 'CCC-' from 'CCC'. At the ... Besides the Mozambican metical, no other currency is officially accepted in Mozambique. There are a couple of reasons why you might be interested to find out ... The Banco de Moçambique issues the national currency, the metical (plural meticais). In 1978 Mozambique nationalized most of its banking assets, but by the mid- ... The South African Rand is by far the most widely accepted foreign currency in Mozambique. Indeed in many of the South African hotspots like Ponta do Ouro, Ponta ... ... Mozambique Flag. Demonym: Noun: Mozambican(s) Adjective: Mozambican; Capital City: Maputo (+2 GMT); Currency: Metical (MZN); Languages. Makhuwa 26.1%, ... Aug 11, 2023 ... Fitch Ratings-London-11 August 2023: Fitch Ratings has affirmed Mozambique's Long-Term Foreign-Currency Issuer Default Rating (IDR) at ... The metical is the currency of Mozambique, abbreviated with the symbol MZN or MT. It is nominally divided into 100 centavos. The name metical comes from ... May 29, 2024 ... ... currency (LC) and foreign currency (FC) sovereign ratings on Mozambique. The outlook remains stable, and it balances weak public financial ... Apr 4, 2025 ... Besides, the apex bank mandated that all proceeds from the re-export of petroleum products must be fully converted into local currency. Mozambique and Cryptocurrency. Mozambique Cryptocurrency Laws Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology. The Central ...