Regulatory Alerts2021-02-01
Directive No. 01-DMA-DSP-2021, dated February 2
The National Bank of Angola, through its Departments of Asset Markets and Payment Systems, establishes specific National Currency Mandatory Reserve and Settlement Accounts for commercial banks to centralize effective reserve requirements. These accounts mandate that 100% of the national currency reserve requirement remains locked, while permitting a maximum 1% excess balance, and require commercial banks to submit electronic transfer orders by 01:00 before the Real-Time Payment System closes. The directive immediately enters into force, resolving all interpretive ambiguities under the central bank's authority to ensure strict compliance with existing financial regulations.
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