Regulatory Alerts2016-04-11
Instruction No. 02/2016 of April 11 - Monetary Policy: Mandatory Reserves
The Bank of Angola issued Instruction No. 02/2016 to adjust the calculation and compliance rules for mandatory reserves in alignment with the current macroeconomic stability framework. The directive establishes specific incidence bases, reserve coefficients (ranging from 15% to 100% depending on currency and account type), and eligible assets for both national and foreign currencies. It further details weekly calculation formulas, allowable deductions for specific credit sectors, and imposes financial sanctions for non-compliance or inconsistent reporting.
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