Directive No. 01/DMA-2020 of June 12

GOVERNOR
DIRECTIVE NO. 01/DMA/2020
ORIGIN: Department of Asset Markets
DATE 12/06/2020
SUBJECT: EXCHANGE RATE POLICY

• Registration of Foreign Currency Purchase and Sale Transactions on the FXGO Platform

Whereas it is necessary to establish procedures regarding the mandatory registration of foreign currency purchase or sale operations carried out by Banking Financial Institutions, aiming to ensure the inclusion of exchange rate transactions not traded through the FXGO platform and the formation of a reference exchange rate truly representative of rates practiced in the foreign exchange market; Pursuant to the provisions of Law No. 12/2015, dated June 17, the Framework Law for Financial Institutions; This Directive serves to establish the following:

1. Foreign currency purchase or sale operations carried out by Banking Financial Institutions with amounts equal to or greater than USD 50,000.00 (fifty thousand US Dollars) or the equivalent in another currency shall be registered on the Bloomberg FXGO platform.
2. The registration of the operations referred to in the preceding paragraph must be carried out through the FXGO Trade Affirmation command, at the time of purchase contracting or sale execution, with all fields being mandatory to complete except for the banking coordinates of the beneficiary or counterparty (Account).
3. Non-compliance with the provisions of this Directive constitutes an offense provided for and punishable under Law No. 12/2015, dated June 17, the Framework Law for Financial Institutions.

CONTINUATION OF DIRECTIVE NO. 01/DMA/2020 Page 2 of 2
4. Questions arising from the interpretation and application of this Directive are resolved by the Banco Nacional de Angola.
5. This Directive enters into force on June 22, 2020.
Luanda, June 12, 2020.
DEPARTMENT OF ASSET MARKETS

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Tânia Patrícia de Oliveira Mendes Lopes
-Director-