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.
DIRECTIVE NO. 6/DSB/97 SUBJECT: EXCHANGE OPERATIONS SALE OF FOREIGN CURRENCY TO TRAVELERS NOTICE NO. 4/97, DATED APRIL 15 In accordance with the provisions contained in Notice No. 4/97, dated April 15, it is determined that the sale of foreign currency to travelers referred to in points 1 and 2 of Article 2 may only be carried out twice (2) per year. The second foreign currency sale operation shall only take place with effective proof of the travel related to the prior sale, evidenced by an entry stamp from the Immigration and Borders services in the client's passport. For the purposes of the foregoing paragraph, foreign currency sale operations already carried out in the current year shall be considered. The proof referred to in the second paragraph shall be sent, as a photocopy, to the National Bank of Angola, together with the other supporting documents required under Directives No. 01/97 and 02/97, respectively. This Directive enters into force immediately. BANKING SUPERVISION DIRECTORATE