Regulatory Alerts1991-11-28
Instruction No. 09/91: Exchange Rate Policy - Floating Exchange Rate Market Regulation
The Governor of the Central Bank of Angola issued Instruction No. 09/91 to expand the Floating Exchange Rate Market by authorizing accredited financial institutions to process specific foreign currency sales beyond existing limits. The regulation permits direct foreign exchange purchases for educational, scientific, cultural, and medical treatments abroad, as well as unilateral transfers and financial maintenance of direct relatives, subject to strict USD caps and mandatory documentation. All operations require prior accreditation, adherence to specified reporting deadlines, and compliance with Central Bank oversight to ensure proper tracking of capital outflows.
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