Regulatory Alerts1996-05-01
Directive No. 3/DSB/96: Foreign Exchange Houses – Sale of Foreign Currency
The Banking Supervision Directorate of the Bank of Angola prohibits Foreign Exchange Houses from selling foreign currency in cash while permitting sales via travelers' checks. Each customer is subject to a USD 5,000 acquisition limit, requiring the exchange house to record every transaction on the boarding pass with the corresponding date and amount. This directive takes immediate effect as part of ongoing foreign exchange policy adjustments.
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