Regulatory Alerts2016-05-13
Instruction No. 04-2016 of May 13
The Governor of the Bank of Angola issued Instruction No. 04-2016 to amend the Monetary Policy - Mandatory Reserves guidelines by revising specific clauses of Instruction No. 02/2016. The directive establishes a 30% mandatory reserve coefficient while allowing banks to satisfy up to 20% of this requirement using weighted National Treasury Bonds and Finance Ministry financing contracts based on maturity. It also redefines the calculation formula for effective reserve compliance in national currency, incorporating specific deductions for designated credit sectors, with the new rules taking effect on May 16, 2016.
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