Regulatory Alerts2022-03-09
Notice No. 6 of 2022, dated March 3, on Foreign Exchange Policy: Entry and Exit of Currency
The National Bank of Angola issued Notice No. 6 of 2022 to update foreign exchange regulations governing the cross-border transport of cash and bearer payment instruments. The notice mandates a USD 10,000 declaration threshold for all travelers entering the country and establishes corresponding exit limits of USD 10,000 for residents (reduced to USD 1,000 for unaccompanied minors under 18) and foreign currency equal to entry value for non-residents. Border authorities may restrict currency movements based on criminal suspicion, with non-compliance subject to penal sanctions and all interpretative matters resolved by the National Bank of Angola.
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