Regulatory Alerts2021-03-24
Aviso 02/2021 (March 24) – Foreign Exchange Policy for Payment of Port Goods and Services Supplied to Non-Residents
The National Bank of Angola, through Notice No. 02/2021, mandates that port goods and services supplied to non-resident maritime operators must be invoiced and settled exclusively in foreign currency. Shipping agents and port service providers are required to maintain domestic foreign-currency accounts for receiving vessel call payments, while all other services contracted by shipping agents from resident entities must be paid in national currency. The regulation further enforces strict account reconciliation, prohibits foreign bank accounts without prior central bank authorization, and establishes sanctions for non-compliance under prevailing exchange laws.
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