Regulatory Alerts1993-11-28
Notice No. 14/93 of November 29
The National Bank of Angola, through Governor Generoso Hermenegildo Gaspar de Almeida, issues this notice to update the minimum paid-up share capital requirement for Currency Exchange Houses. The regulation amends Article 2 of Notice No. 6/92 to mandate a minimum capital of 650,000,000.00 New Kwanzas. This amendment takes immediate effect upon publication.
NOTICE NO. 14/93 OF NOVEMBER 29 Considering the need to update the share capital of Currency Exchange Houses as provided for in Notice No. 6/92 of August 12;
In exercise of the powers attributed to the National Bank of Angola by Articles 16 and 43 of Law No. 4/91 of April 20, I HEREBY DETERMINE: Article 1 Subparagraph (c) of Article 2 of Notice No. 6/92 of August 12 shall be amended to read as follows: "Possess a paid-up share capital of no less than NKZ:650.000.000.00 (Six Hundred and Fifty Million New Kwanzas)." Article 2 This Notice enters into force immediately. PUBLISH
LUANDA NOVEMBER 1993.- THE GOVERNOR GENEROSO HERMENEGILDO GASPAR DE ALMEIDA