Regulatory Alerts1991-11-25
Instruction No. 08/91: Exchange Rate Policy - Floating Exchange Rate Market Regulations
The Governor issued Instruction No. 08/91 to clarify ambiguities in Notice No. 4/91 regarding the purchase of foreign currency under the Floating Exchange Rate Market Regulations. The directive explicitly authorizes accredited banking institutions operating within this market to purchase foreign exchange at free market rates from deposit accounts held for individuals or legal entities. This regulation entered into force immediately upon issuance in Luanda on November 26, 1991.
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