Regulatory Alerts1996-07-03
Notice No. 11/96 of July 3, 1996
The National Bank of Angola establishes a unified exchange rate regime that mandates regular market-based adjustments and designates the primary market selling rate as the standard for all secondary market operations. The regulation sets permissible buying and selling rate boundaries at plus or minus three percent, prohibits commercial banks and exchange houses from deviating from these rates, and fixes the Central Bank's buying rate at one percent below the primary selling rate. All conflicting prior directives, specifically Instruction No. 4/94, are revoked and the notice takes effect immediately upon publication.
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