Regulatory Alerts2020-11-05
Guideline No. 18/2020 of November 6, Financial System: Metal Coin Deposit Operations at the National Bank of Angola
The National Bank of Angola issued Guideline No. 18/2020 to establish rules and procedures for metal coin deposit operations at its Treasury, Regional Delegations, and Value Custody Services. Banking financial institutions must submit advance 24-hour notifications via the Pre-Notifications Management Portal, adhere to a maximum deposit limit of Kz 5 million per weekly transaction, and package coins in standardized 500-coin bags with clear denomination and series labeling. The guideline mandates segregated packaging for fit, unfit, and suspected coins, outlines authentication verification and daily account regularization processes, and grants the National Bank of Angola final authority to resolve interpretive doubts or omissions.
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