Regulatory Alerts2021-05-05
Directive No. 05-DMA-2021, May 5
The National Bank of Angola's Assets Market Department issued Directive No. 05/DMA/2021 to update the calculation and compliance requirements for mandatory reserves, establishing a 22% coefficient for national currency and 17% for foreign currency on weekly average balances. The directive details eligible assets, including central government accounts and treasury bonds, while excluding specific guarantee accounts, and mandates actual compliance starting May 10, 2021. It formally revokes the preceding February directive and grants the central bank final authority to resolve interpretive ambiguities.
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