Regulatory Alerts2022-03-29
Notice No. 08/2022 – Exchange Rate Policy: Specific Exchange Rules for Unassociated Natural Gas Activities and Associated Services
The Central Bank of Angola issued Notice No. 08/2022 to update exchange rate regulations for entities engaged in the exploration, production, and sale of unassociated natural gas and its derivatives. The notice mandates that transactions between investor companies be settled preferentially in the national currency, while permitting foreign currency settlements abroad provided domestic accounts cover fiscal and mandatory obligations. It further streamlines capital operations, exempts foreign financing from central bank authorization, repeals Notice No. 3/21, and grants the Central Bank authority to resolve interpretative doubts.
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