Regulatory Alerts2018-01-18
Instruction No. 04-2018 of January 19, 2018
The Bank of Angola issues Instruction No. 04-2018 to regulate liquidity lending operations by Development Banks within the Interbank Money Market. The directive mandates that such operations must have a minimum term of 180 days, utilize the SIGMA system, and adhere to interest rates not exceeding the Luanda Interbank Offered Rate (LUIBOR). This instruction simultaneously revokes Instruction No. 13/2015 and any conflicting prior regulations, entering into force immediately.
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