Regulatory Alerts1997-01-01
Directive No. 6-DSB-1997, dated January 1
The Banking Supervision Directorate limits foreign currency sales to travelers under Notice No. 4/97 to two transactions annually, requiring the second sale to be validated by a passport entry stamp proving prior travel. Institutions must submit photocopies of this validation, along with existing supporting documents from Directives 01/97 and 02/97, to the National Bank of Angola. This directive takes immediate effect and applies retroactively to all foreign currency sales executed during the current year.
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