Notice No. 04-2015, of April 20: Monetary Circulation - New Kwanza Family

Published in the Diário da República, I series, No. 53, of April 20

NOTICE No. 04/2015 SUBJECT: MONETARY CIRCULATION

• New Kwanza Family

Law No. 12/99 of November 12 and Law No. 30/03 of December 30 authorized the Bank of Angola to issue and place in circulation banknotes with a face value of Kz 1, 5, 10, 50, 100, 200, 500, 1000, and 2000, and metallic coins with a face value of 1, 2, 5, 10, and 50 Cêntimos;

However, taking into account the level of confidence that the national currency must provide, it became necessary to reinforce and improve the security features of the aforementioned banknotes and coins, with Law No. 20/12 of July 30 being approved, which authorized the Bank of Angola to issue and place in circulation a new Series of banknotes and coins of the Kwanza standard, named "Series 2012";

In the context of the entry into circulation of the aforementioned banknotes and metallic coins of the "Series 2012", it becomes necessary to withdraw from circulation the banknotes of the "Series 1999" and "Series 2003";

In the exercise of the competence conferred upon me by the combined provisions of Articles 10, paragraph 1, and 51, both of Law No. 16/10 of July 15 – Law of the Bank of Angola;

CONTINUATION OF NOTICE No. 04/2015 Page 2 of 3

I DETERMINE:

Article 1. (Object)

1. This Notice aims to establish the period from which the banknotes and coins of the "Series 1999" and "2003" will cease to remain in circulation;
2. For the purposes of the preceding paragraph, the banknotes and metallic coins of the "Series 1999" and "Series 2003" will only remain in circulation, together with the banknotes and metallic coins of the "Series 2012", until December 31, 2014.

Article 2. (Cessation of Legal Tender)

1. From January 1, 2015, the banknotes and metallic coins of the "Series 1999" and "Series 2003" cease to have legal tender and liberatory power, thus ending the obligation to accept them as a means of payment or settlement of any pecuniary obligations, and they will be withdrawn from circulation;
2. From January 1 to June 30, 2015, banknotes of the "1999" and "Series 2003" may be deposited into bank accounts at any commercial bank, losing their legal tender status at the end of this period.

Article 3. (Exchange Period for Banknotes) From July 1, 2015, to December 31, 2019, banknotes of the "Series 1999" and "Series 2003" will be accepted for exchange at the Headquarters and Regional Delegations of the Bank of Angola, or at the network of commercial banks that may be authorized for this purpose by the Bank of Angola.

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Article 4. (Gratuity) The exchange operations for banknotes and coins referred to in this Notice are free of charge.

Article 5. (Repealing Clause) All provisions contrary to the provisions of this Notice are hereby repealed, notably Notice No. 8/14 of December 1.

Article 6. (Entry into Force) This Notice enters into force 5 days after its publication.

PUBLISH. Luanda, on April 7, 2015.

THE GOVERNOR JOSÉ PEDRO DE MORAIS JÚNIOR