Regulatory Alerts2024-12-19
Instruction No. 09/2024, of December 19
The National Bank of Angola issued Instruction No. 09/2024 to update and standardize value limits for payment instruments and systems, including checks, Multicaixa network transactions, credit transfers, direct debits, and instant transfers. The directive establishes specific daily and per-transaction caps for payments, withdrawals, card purchases, and service commissions while granting exemptions to government entities such as the Ministry of Finance and the National Institute of Social Security. It mandates gross settlement for real-time payments above Kz 50 million, prohibits price discrimination across payment systems, and repeals the previous Instruction No. 24/21, with full compliance enforced through administrative sanctions effective thirty days after publication.