Regulatory Alerts2022-08-01
Directive No. 08-DME-2022, August 1
The Markets Department of the National Bank of Angola issued Directive No. 08/DME/2022 to update the calculation and compliance requirements for mandatory reserves in alignment with current macroeconomic stability. The directive establishes weekly incidence base periods, sets national currency reserve coefficients at 17% and foreign currency coefficients between 22% and 100%, and specifies eligible domestic and foreign assets, including treasury bonds and specific loan categories. Effective August 1, 2022, the directive revokes prior conflicting regulations and mandates that all Banking Financial Institutions adjust their reserve calculations accordingly.
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