Regulatory Alerts2022-02-15
Directive No. 01-DMA-2022, February 15
The National Bank of Angola (BNA) mandates Commercial Banks to execute foreign currency purchases and sales with BNA at freely determined FXGO platform rates upon request, specifying transaction amounts between USD 100,000 and USD 500,000. These operations must be completed within ten minutes of request receipt, defaulting to the CNF FXGO Trade Affirmation (One Way) command if no response is provided. The directive establishes corresponding settlement procedures, defines non-compliance as a punishable offense under Law 14/21, and takes effect upon publication.
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