RegAlert
1993-04-12

Added · Updated

Notice No. 04/93 of 13 April

The Governor of the National Bank of Angola issued Notice No. 04/93 to establish a fixed exchange rate of 4,000 New Kwanzas per US Dollar, aligning with the Government's Emergency Program. This directive explicitly repeals all prior conflicting legislation, specifically Notice No. 2/93 and its regulatory directive 1/93 dated 25 January 1993. The new exchange rate regime officially takes effect at midnight on 14 April 1993.

Banco Nacional de Angola logo

Angola

Banco Nacional de Angola

Scan of the document's first page
Share

BNA published 2 documents in the last 30 days — get each new one by email the day it lands.

Notice No. 04/93
OF 13 APRIL
Whereas the Government's Emergency Program presupposes the establishment of a new exchange rate regime compatible with the objective situation the Country is going through;

Under Article 42(e) and Article 6 of the Organic Law of the National Bank of Angola, I DETERMINE:
Article 1 - The exchange rate to be used in all domestic operations with the outside world is fixed at USD 1.00/NKZ 4,000.00 (One United States Dollar equivalent to Four Thousand New Kwanzas).
Article 2 - All legislation contrary to this Notice is hereby repealed, namely:
a) Notice No. 2/93 of 25 January 1993 and its respective regulatory directive 1/93 of 25 January 1993.

Article 3 - This Notice enters into force at Zero Hours on 14 April 1993.
PUBLISH
Luanda, 13 April 1993
The Governor
Generoso Hermenegildo G. de Almeida

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: In force

Notice No. 2/93 of January 25, …1993Notice No. 2/93 of January 25, 1993 (1993-01-24)Directive No. 1 dated 1993-01-25Directive No. 1 dated 1993-01-25Notice No. 04/93 of 13 April1993-04-12 · this documentNotice No. 04/93 of 13 April (1993-04-12)Instruction No. 03: Exchange Ra…1993Instruction No. 03: Exchange Rate Policy - Floating Exchange Rate Market (1993-05-26)Instruction No. 04/93: Exchange…1993Instruction No. 04/93: Exchange Rate Policy - Floating Rate Exchange Operations - Current Invisible Operations (1993-06-16)
amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document supersedes: Notice No. 2/93 of January 25, 1993

Similar documents from other regulators

Source: Banco Nacional de Angola — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

More like this from BNA

BNA published 2 documents in the last 30 days. We email you each new one the day it's published.

Topics
fx

FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.