Fuel, Bread Shortage Risks Prompt Mozambique FX Rule Change

Motorists join long queues at a gas station in Maputo, Mozambique, in December. Photographer: Amilton Neves/AFP/Getty Images

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By Matthew Hill and Tavares Cebola

April 3, 2025 at 5:00 AM UTC

Updated on

April 3, 2025 at 2:47 PM UTC

Mozambique’s central bank announced temporary measures to ease a dollar crunch that hit fuel supplies and threatened to trigger bread shortages in the southeast African nation.

The Banco de Moçambique increased the proportion of revenues that exporters must convert to local currency to 50% from 30%, it said in a statement late Wednesday.