Regulatory Alerts2018-06-18
Instruction No. 08/2018 of June 19 on Exchange Policy: Temporary Suspension of Licensing for Import Operations
The Governor of the National Bank of Angola issued Instruction No. 08/2018 to temporarily suspend the requirement for licensing import operations awaiting settlement with customs clearance dates after January 1, 2015. This measure addresses the accumulation of unpaid foreign supplier obligations caused by limited foreign currency availability, aligning with a scheduled regularization plan for these delays. The suspension remains in effect for three months from publication, with non-compliance subject to penalties under Angolan exchange and financial institution laws.
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