Regulatory Alerts2021-12-27
Notice No. 12/2021 (December 23)
The Banco Nacional de Angola issued Notice No. 12/2021 to update the daily foreign exchange position limit for supervised banking financial institutions, capping it at 5% of their Regulatory Own Funds. Institutions must calculate this global position in US dollars using the prevailing reference average exchange rate and report daily closing operations to the central bank. Non-compliant institutions face restrictions on foreign currency sales to clients and daily sanctions until their positions are restored within the prescribed limits.
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