Regulatory Alerts2013-07-31
Notice No. 13 of 2013, dated July 31 – Procedures for Current Invisible Foreign Exchange Operations
The National Bank of Angola issued Notice No. 13/2013 to simplify and standardize procedures for current invisible foreign exchange operations, including travel, services, and income transfers between residents and non-residents. The regulation establishes clear definitions, classification criteria, financial coverage mechanisms, and licensing exemptions or requirements for transactions up to specified Kwanza thresholds. It mandates prior registration in the Integrated Foreign Exchange Operations System (SINOC), sets annual limits for individual travel and family support transfers, and outlines approved payment instruments while ensuring ongoing regulatory oversight.
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