Regulatory Alerts1992-04-02
Notice No. 2/92 of April 3, 1992
The Banco Nacional de Angola issued Notice No. 2/92 to mandate prior central bank authorization for all deposit accounts held by non-residents in national currency and to regulate foreign currency accounts. The directive prohibits debit balances and checkbooks for foreign currency accounts, restricts permissible transactions to specific cross-border payments and repatriations, and requires case-by-case approval via commercial banks. This regulation immediately supersedes previous practices by enforcing strict recording regimes for all non-resident account openings and operations.
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