Regulatory Alerts1996-02-28
Notice No. 01/DSB/96 of 28 February
The National Bank of Angola issued Notice No. 01/DSB/96 to devalue the national currency and establish a new official exchange rate of USD 1.00 to KZR 31.784. The directive mandates that the central bank implement necessary measures to gradually align the official exchange rate with the macroeconomic equilibrium point. This regulatory change takes effect on 28 February 1996 in accordance with the Council of Ministers' guidelines for the 1996 Economic and Social Programme.
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