Regulatory Alerts2010-11-03
Banco Nacional de Angola Notice No. 03/2010 on Foreign Exchange Policy
The Banco Nacional de Angola issued Notice No. 03/2010 to amend the reporting frequency for banking institutions regarding foreign banknotes, coins, and travel cheques. The revised Article 2 mandates weekly reporting to the Department of Supervision of Financial Institutions (DSI) for imports, while requiring prior case-by-case authorization from the Governor or the Foreign Exchange Control Department (DCC) for exports and re-exports. This notice simultaneously revokes the previous Article 2 of Notice No. 11/99 and takes immediate effect.
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