Regulatory Alerts2015-04-20
Notice No. 04-2015, of April 20: Monetary Circulation - New Kwanza Family
The Governor of the Bank of Angola issued Notice No. 04-2015 to regulate the withdrawal of the 1999 and 2003 Kwanza note series from circulation in favor of the 2012 series. The notice establishes that the older series loses legal tender status on January 1, 2015, with a deposit period ending June 30, 2015, followed by an exchange period valid until December 31, 2019. All exchange operations conducted by the Bank of Angola or authorized commercial banks are provided free of charge.
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