Regulatory Alerts2023-11-29
Directive No. 12/2023, of November 28
The Markets Department of the Banco Nacional de Angola issued Directive No. 12/2023 to update mandatory reserve calculation and compliance requirements in alignment with the current macroeconomic framework. The directive establishes biweekly calculation periods, sets national currency reserve coefficients at 18% and foreign currency coefficients between 22% and 100%, and defines eligible daily balances, credit rights deductions, and non-compliance thresholds. It mandates effective compliance starting December 11, 2023, revokes Directive No. 06/DME/2023, and enters into force on November 27, 2023.
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