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Lecture about use of Term of Responsibility for export in SEW

Lecture about use of Term of Responsibility for export in SEW

17 May 2013

IFBM     IFBM

With the aim of people awareness of the role to be played by the SEW system in the bank intermediation for export of goods, movement of foreign currency and exchange control, Sew team recently guided a lecture, in Maputo, addressed to students  and tutors of the Banking Training Institute of Mozambique (IFBM). 

According to Manuel Uamusse, customs officer assigned in SeW Project, there is a need to involve the institutions operating in the banking systems for a greater efficiency in the government efforts of controlling export and import of foreign currency through international trade via SeW systems.

“We are here to explain to students of the Banking Training Institute of Mozambique, in practical ways, how the Term of responsibility for export goods operates within the scope of implementation of the SeW system”, stressed.

Uamusse also explained that in the area of international trade operations, involving banking institutions, significant amounts are transacted in and out, and in the past were beyond the control of Customs: “Now, with the banks within the  SEW system, we know how much we received from abroad, as a result of our exports", added.

Meanwhile, Aurélio Rocha, Manager Director of IFBM, praised the initiative and underlined that the lecture on the SeW was within the line of the training programme of their institution, especially in the area of foreign trade operations.

“This lecture is important because it will enrich the knowledge of the students of the Banking Training Institute of Mozambique on these topics”, explained.