Regulatory Alerts1997-03-03
Notice No. 01/97 of March 3, 1997
The Central Bank of Angola issued Notice No. 01/97 to require authorized financial institutions collecting deposits from companies and individuals to maintain monthly, non-interest-bearing mandatory reserves calculated in national currency. The notice empowers the central bank to set and adjust reserve ratios via instruction, permits interest on excess reserves, and prohibits opening deposit accounts at order in other domestic institutions without prior authorization. Repealing Notice No. 01/91, it takes immediate effect and mandates the publication of implementing regulations.
Share