Regulatory Alerts2021-11-03
Instruction No. 23/2021, of October 29 – Foreign Exchange Policy: Purchase and Sale of Foreign Currency on the Bloomberg FXGO Platform by Aviation and Insurance Companies
The Central Bank of Angola issued Instruction No. 23/2021 to expand foreign currency trading access on the Bloomberg FXGO platform to qualifying commercial airlines and insurance companies. The directive mandates that eligible entities obtain prior authorization, subscribe to a Bloomberg terminal, and strictly conduct transactions linked to their core business operations with values exceeding USD 50,000. Furthermore, it establishes clear procedural deadlines for trade execution, settlement, record-keeping, and compliance inspections, with non-compliance subject to temporary or permanent trading prohibitions.
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