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Mozambique: Money

Volume 472: debated on Friday 7 March 2008

To ask the Secretary of State for International Development pursuant to the Answer of 1 February 2008, Official Report, column 722W, on Mozambique: money, what the exchange rate was on each transfer; how many Mozambiquan metacais were received for each; what commission was paid on each transfer; which exchange institution or bank was used for each; and what the purpose was of each. (192691)

Pursuant to the answer of 1 February 2008, Official Report, column 722W, on Mozambique, the exchange rates and amounts received were as follows:

Value (£)

Mts

Rate

16 August 2007

30,136.40

1,524,000

50.57

5 September 2007

39,798.04

2,056,000

51.66

1 October 2007

29,450.04

1,530,000

51.95

19 October 2007

39,093.97

2,048,000

52.39

12 November 2007

28,698.14

1,524,000

53.10

28 November 2007

29,303.91

1,455,000

49.65

9 January 2008

30,404.22

1,410,000

46.38

No commission was charged. All transactions were undertaken by Standard Bank as this is DFID Mozambique’s Corporate Banking Service Provider. The purpose was to pay for locally incurred costs of running the DFID Mozambique office.