Regulatory Alerts1994-04-04
Guideline No. 4/94: Exchange Rate Policy – Floating Exchange Rate Regime. Spot Operations
The National Bank of Angola issued Guideline No. 4/94 to operationalize the floating exchange rate regime mandated by the 1994 Economic and Social Programme, replacing previous fixed-rate directives. The regulation defines spot foreign exchange transaction value dates, authorizes specific purchase and sale operations for residents, non-residents, and financial institutions, and establishes official transactional currencies. It further mandates a daily 11:30 AM consultation session at the central bank to determine base and official client exchange rates, sets minimum transaction thresholds of US$50,000 for rate calculations, and repeals prior 1993 guidelines.
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