Regulatory Alerts2020-03-29
Instruction No. 03-2020, of March 30
The National Bank of Angola has issued Instruction No. 03-2020 to adjust the determination and publication of reference exchange rates by integrating Bloomberg’s “FXGO” electronic trading platform. The directive mandates that the bank publish daily at 4:00 p.m. on its institutional portal an arithmetic mean of the buy and sell quotes for the Euro and United States Dollar against the Kwanza, designating these figures as “Reference Exchanges” for purely informational purposes. This regulation supersedes Instruction No. 16/2019, grants the National Bank of Angola authority to resolve interpretative doubts and omissions, and enters into force on April 1, 2020.
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