Moza Banco promotes culture of savings

The Advisor to the Board of Directors of Moza Banco, Joana Matsombe, said that it is necessary to save in order to invest in the future.
Last week, Moza Banco sponsored a workshop on the importance of saving money, in a ceremony aimed at students of Universidade Pedagógica and others. The event was in commemoration of World Savings Week.
The workshop had as a the guest speaker, the Advisor to the Board of Directors of Moza Banco, Joana Matsombe, who spoke of the value of money in people's lives and in the socio-economic development of the country.
At the time, the speaker said that saving enables the sustainable use of money, generating more capital for the medium and long term. As she noted, the number of people who save is still below the desirable, so it is necessary to reinforce financial literacy in the Mozambican society.
"If we do not save, we have no way to invest. That's why it's important to teach people how to save and make saving their daily activity. Savings are also important for entrepreneurship, that these areas have a strong connection, "said Joana Matsombe.
Still in her speech, Joana Matsombe pointed out that the national currency has evolved both in its monetary nomenclature and in the quality of production, so much that in recent years they have drastically reduced the attempts to falsify it.
The former Director of the Central Bank also radiographed the history of the metical, since its establishment as a national currency, after independence, as well as the processes of its alteration. Until now, the country has had three metical families, the third being the one currently in use.
Parallel to this workshop, Moza participated in the launch of the "road show” of the project "Poupe, Cada Metical Conta", during the Savings Fair, which took place at the Cultural Centre of the Bank of Mozambique, in Matola city.
At the event, the bank, which was represented by a team, offered some services to the visitors of its stand, such as opening accounts, advice on the advantages of savings and financing facilities
15/11/2018