Regulatory Alerts1991-12-29
Notice No. 6/191 of December 30
The Governor of the National Bank of Angola issued Notice No. 6/191 to devalue the national currency by 100 percent, establishing a new exchange rate of 180 new Kwanzas per US dollar. This monetary adjustment implements the Government Action Program’s readjustment of price, income, credit, and exchange policies under the authority of the Bank’s Organic Law. The directive takes effect at midnight on December 30, 1991, following its publication in Luanda on December 27, 1991.
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