Regulatory Alerts2021-05-05
Directive No. 02/ DMA/DCC/ 2021
The Governor of the Central Bank of Angola, acting through its Asset Markets and Foreign Exchange Control Departments, has issued Directive No. 02/ DMA/DCC/ 2021 to standardize foreign exchange reporting procedures for Banking Financial Institutions. The directive mandates that institutions submit daily purchase and sale intentions, along with applicable exchange rates, via the Bloomberg FXGO BMatch platform by 08:30 AM for actual settlement, while permitting specific requests via FXGO RFQ. Consequently, the previous Needs Map (MdN) reporting is suspended and any interpretative doubts are resolved by the Central Bank, with all provisions taking immediate effect.
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