Regulatory Alerts1995-06-28
Instruction No. 04/95 on Foreign Exchange Policy for Goods Operations
The Bank of Angola issues Instruction No. 04/95 to clarify and standardize foreign exchange procedures for the importation of goods, requiring credit institutions to collect specific documentation such as proforma invoices and registration bulletins. The regulation mandates that banks execute currency transfers only upon presentation of customs entry proofs or shipping documents, with strict deadlines for compliance and reporting. It further details authorization requirements for value adjustments, temporary imports, bonded warehouses, and various banking guarantees involving residents and non-residents.
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