Regulatory Alerts2019-12-02
Notice No. 14/2019 of December 2 on Foreign Exchange Position Limits
The National Bank of Angola issued Notice No. 14/2019 to update the daily foreign exchange position limit for Commercial Banks, capping it at 2.5% of Regulatory Own Funds regardless of long or short positions. The regulation establishes USD-based calculation and conversion rules, mandates daily reporting with immediate interbank or central bank adjustments for excess or short positions, and imposes sales restrictions or daily fines for non-compliance. Repealing Notice No. 12/2018, the notice takes effect on January 2, 2020.
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