Regulatory Alerts2016-04-15
Notice No. 01-2016 of April 14: Exchange Policy - Currency Entry and Exit Limits
The Governor of the Banco Nacional de Angola issued Notice No. 01-2016 to revise the limits and procedures for the entry and exit of national and foreign currency in Angola to ensure balanced foreign exchange management and combat money laundering. The regulation establishes specific declaration thresholds, requiring residents to declare foreign currency exceeding USD 10,000 and non-residents to declare amounts exceeding USD 5,000 upon entry. It further restricts the amount of foreign currency individuals may carry when leaving the country based on age and residency status, while revoking previous conflicting regulations.
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