Regulatory Alerts1994-11-12
Instruction No. 12/94: Chart of Accounts for Currency Exchange Houses
The National Bank of Angola issued Instruction No. 12/94 to enforce strict accounting discipline by prohibiting currency exchange houses from altering the approved Chart of Accounts without prior central bank authorization. The directive permits these institutions to establish 4th and 5th degree accounts only with prior approval from the Banking Supervision Directorate and allows unrestricted breakdown of 5th degree accounts as needed for their operations. This regulation officially takes effect in January 1995, governing the structural breakdown of financial records under the previous framework established by Dispatch No. 41/91.
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