Regulatory Alerts1993-09-09
Notice No. 10/93 of 10 September
The National Bank of Angola issued Notice No. 10/93 to devalue the national currency, establishing a new official exchange rate of 6,500 New Kwanzas per US dollar. The directive mandates that the central bank implement measures to gradually align the official rate with the macroeconomic equilibrium point, in line with the Government's 1993 Economic and Emergency Programmes. This regulatory notice takes effect on 13 September 1993.
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