Regulatory Alerts2021-05-04
Directive No. 05/DMA-2021 of May 5
The National Bank of Angola's Assets Market Department issued Directive No. 05/DMA-2021 to update the calculation and compliance requirements for mandatory reserves within the current macroeconomic stability framework. The directive establishes a 22% coefficient for national currency reserves and a 17% coefficient for foreign currency reserves, while specifying eligible assets such as Treasury bonds and deposit balances. It revokes Directive No. 02/DMA-2021, mandates consideration of April 26 to 30 deposits for the incidence base, and sets May 10, 2021 as the effective compliance date.
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