For one to import such goods in bigger quantities, one had to have an extra 20 to 100 Meticais
for Agora (Mozambican policemen) as a bribe.
Once the savings in Meticais
had been entered in the books at the value of the initial "transfers," their purchasing power could only have been maintained through the application by the Ministry of Labor of an interest rate at least equal to the internal inflation rate, between the date of the amount's "transfer" and its withdrawal.
64 billion meticais
, and we found a reduction in the number of purchases made without tenders, and the accounts are well organized
As of March 2007, the floating exchange rate was approximately 26 meticais
Total public expenditure is envisaged at 2,514bn meticais
(officially valued at $464m).
5 billion meticais
(about 283 million US dollars) in rebates to taxpayers.
On top of that, Mozambican firms, for instance, cannot buy the application file in meticais
but have to pay for it in ecus, which are not easy for African companies to acquire.
As per the reports, the Committee for the Facilitation of Agriculture between Mozambique and South Africa (COFAMOSA) is seeking 861 million meticais
(about 31 million US dollars) to implement the project to irrigate 10,000 hectares of agricultural land in the district of Moamba, in the southern Mozambican province of Maputo.