Regulatory Alerts2023-02-07
Directive No. 04-2023, dated February 2
The Markets Department of the Central Bank of Angola issued Directive No. 04-2023 to establish procedures for banking financial institutions to submit indicative buying and selling exchange rates on the Bloomberg FXGO platform. The directive mandates that authorized institutions submit daily indicative rates for the US dollar, euro, and South African rand at 8:30 and 13:30 hours, with provisions for real-time updates throughout the operational day. Interpretation disputes are resolved by the Central Bank, and the directive takes effect on February 13, 2023.
Share