Regulatory Alerts2019-10-23
Directive No. 08-DMA-DRO-2019, dated October 24
The National Bank of Angola’s Department of Markets and Assets and Department of Regulation and Organization of the Financial System issued Directive No. 08-DMA-DRO-2019 to update mandatory reserve calculation and compliance requirements in alignment with current macroeconomic stability. The directive establishes a weekly base period, designates eligible national and foreign currency assets including Treasury bonds and deposit accounts, and sets reserve coefficients at 22% for national currency, 15% for foreign currency (excluding government accounts), and 100% for government-related foreign currency accounts. Banks must calculate deposits from October 28 to November 1, 2019, with full compliance taking effect on November 4, 2019, while revoking Directive No. 04-DSP/DRO/2018 and any conflicting regulations.