##ical of the new family enter into circulation as from july 1st, 2006. today, we are announcing the publication of the features and the facial value of the notes and coins of the metical of the new family. the purpose of this ceremony is to announce the beginning of the process aiming at familiarizing the public with the new notes and coins, particularly in relation to minimum security features in order to facilitate the transactions as from july 1st, 2006. as we have been informing, the entry into circulation of the notes and coins of the metical of the new family will not imply immediate withdrawal of notes and coins currently in circulation. the simultaneous circulation of notes and coins currently in circulation and the notes and coins of the metical of the new family starts on july 1st, 2006, and will last for six months. during the period of simultaneous circulation, there will be a process of gradual introduction of the metical of the new family. therefore, there will not be any exchange posts. the notes and coins of the metical of the new family will be obtained normally in the course of commercial and banking transactions. july 1st, 2006 only marks the beginning of the circulation of the metical of the new family and the beginning of conversion operations. therefore, our behaviour should be equal to that we have shown when an introduction of new facial values of our currency takes place. payments using either notes and coins of the metical currently in circulation as well as those of the metical of the new family can be made until december 31st, 2006, and the change received either in one family of the metical or in the other. as from january 1st, 2007, the notes and coins of the metical currently in circulation, which could still be held by the public, may be changed to notes and coins of the metical of the new family at the banking institutions until december 31st, 2007, and at the banco de mocambique until december 31st, 2012. the effective conversion will occur on july 1st, 2006. this means that all banking accounts and the prices of goods and services expressed in meticais will be converted to the metical of the new family. for this purpose, i would like to stress the following aspects established under decree nº 55 / 2005, of december 27th : • in order to adjust the accounting procedures to the conversion process, within the 2006 financial year, we will have two accounting reports : the first ( reported to june 30th, 2006 ) should be in the metical currently

ernesto gouveia gove : reinforcement of “ south – south ” cooperation statement by mr ernesto gouveia gove, governor of the central bank of mozambique, at the business function organised by the high commissioner of the republic of south africa on the occasion of nelson mandela ’ s day, maputo, 21 july 2010. * * * the governor of the banco de mocambique, mr. ernesto gouveia gove, defended last sunday, july 18, the reinforcement of “ south – south ” cooperation in order to minimize, in future, the access problems to international markets and the volatility of their prices. the governor ’ s statement as regards the issue was made during the business function organized by the high commissioner of the republic of south africa, in maputo, on the occasion of nelson mandela ’ s day. the function, which had the presence of mozambican and south african businessmen and members of the parliament of that country responsible for economic matters, served to increase synergies between the business sectors of both countries. – this meeting occurs in a moment when the recovery signs of the global economic activity have began to be strong worldwide, after years of major economic and financial crisis, whose effects in countries like ours had a strong impact on external sector, particularly through decline of export revenues as a result of the fall of international prices of almost all the exporting products – said the governor. in his point of view, the integration process underway in our countries, considering the existing investment opportunities, can contribute to the success of the fight against poverty and underdevelopment. according to the governor, the southern africa needs to be united in order to eliminate information asymmetries. – we need to share our vast experiences and to speak about what each one can do or offer to develop our countries. we need to give content and frame to the process of regional integration underway, implementing the strategic plan that already exists and undertaking the common and integrated projects, particularly the cross - border projects that can boost the regional trade – stressed the governor. in this context, mr. ernesto gove considers that the sadc member country authorities should proceed with institutional and macroeconomic reforms that allow the attraction of more investments to the region. it is also strongly recommended to deepen the financial sector so that it can develop a modern and strong capital market to fulfill the existing financing gap in so crucial infrastructure projects of the region.