Regulatory Alerts1992-10-15
Instruction No. 8/92: Exchange Policy - Foreign Exchange Management
The National Bank of Angola issued Instruction No. 8/92 to enforce mandatory foreign exchange controls across all financial institutions. The directive requires institutions to deposit all export revenues and import-related tax payments into the Central Bank, submit monthly balance statements for domestic and foreign accounts, and report fund availability within five days and weekly thereafter. All reporting must be routed through the Bank's Reserve Management Directorate, with the measures taking immediate effect.
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