Regulatory Alerts1994-02-16
Notice No. 03/94 of February 17
The Governor of the National Bank of Angola issues Notice No. 03/94 to set the official exchange rate at US$1.00 equal to 17,836.00 New Kwanzas. This directive continues a gradual currency adjustment process initiated in February 1994 to align the exchange rate with macroeconomic equilibrium. The measure serves as a key preparatory step for implementing the Government's 1994 Economic Program and takes effect on February 21, 1994.
Share