Regulatory Alerts2020-12-08
Instruction No. 19/2020 of December 9
The National Bank of Angola issued Instruction No. 19/2020 to update and standardize maximum value limits for various payment instruments, clearing mechanisms, and settlement sub-systems. The directive establishes specific caps for check issuance (Kz 9,999,999.99), daily Multicaixa card transactions (ranging from Kz 60,000 for ATM withdrawals to Kz 19,999,999.99 for payments), and mandatory gross settlement thresholds in the Real-Time Payment System (Kz 20,000,000.00). It further mandates service fee caps for Multicaixa purchases, grants exemptions for Ministry of Finance and Social Security operations, and revokes prior conflicting instructions effective 30 days after publication.
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