Regulatory Alerts2023-06-26
Directive No. 07/2023, of June 26
The National Bank of Angola's Markets Department issued Directive No. 07/2023 to mandate greater transparency in foreign currency sales by oil and diamond sector companies. The directive requires that spot transactions on the Bloomberg FXGO platform be executed using the BMatch trading command, while reserving bilateral sales, auctions, RFQ, and STA commands exclusively for the National Bank of Angola, the National Treasury, and commercial banks. Clarifications regarding interpretation or application rest with the central bank, and the directive becomes effective on August 1, 2023.
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