Mozambique appoints new central bank governor

The President of Mozambique, Armando Guebuza, on Monday 24 July nominated Ernesto Gove to be the new governor of the Bank of Mozambique.

Gove will replace Adriano Maleiane, who had been in the role for the last 15 years, Officials said.

Gove had served as Maleiane's deputy and was given a five year term of office.

The central bank's last major operation with Maleiane at the helm was a currency reform, under which three digits were knocked off the value of coins and bank notes.

The new valuation

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