Regulatory Alerts2018-10-19
Directive No. 05/DSB/DRO/DMA/2018 on Foreign Exchange Position Limit and Daily Reporting for Commercial Banks
The Banco Nacional de Angola, via its Departments of Asset Markets, Banking Supervision, and Financial System Regulation, issued Directive No. 05/DSB/DRO/DMA/2018 to require commercial banks to submit daily electronic reports detailing their foreign exchange positions. The directive mandates that these positions be calculated in Euros using the day's reference average exchange rate, excludes foreign currency-indexed operations from daily limit assessments, and defines breaches for long and short positions against Notice No. 06/2018. Repealing Directive No. 01/DSI/DRO/DMA/2018, it takes immediate effect upon publication and establishes a standardized annex specifying asset and liability accounts alongside surplus or deficit calculations relative to regulated own funds.