Regulatory Alerts2022-06-03
Directive No. 06/DMA-2022 – Requirements for the Calculation and Compliance of Mandatory Reserves
The National Bank of Angola’s Asset Market Department issued Directive No. 06/DMA/2022 to update the calculation and compliance requirements for mandatory reserves within the current macroeconomic stability framework. The directive establishes a 19% coefficient for national currency reserves and a 22% coefficient for foreign currency reserves, while specifying eligible assets, including treasury bonds and central government deposits, alongside specific deductions for agricultural, housing, and real-sector credits. Effective June 6, 2022, the directive supersedes prior regulations and mandates weekly incidence base periods with daily balance tracking to enhance monetary policy instrument efficiency.
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