Regulatory Alerts1994-11-23
Directive No. 3/DSB/94 on Exchange Houses and Weekly Foreign Exchange Operations Reports
The Banking Supervision Directorate of the Bank of Angola issued Directive No. 3/DSB/94 to mandate weekly foreign exchange reporting for all exchange house branches. The directive requires each establishment to submit a standardized report detailing total purchase and sale volumes for banknotes and foreign currencies, broken down by individual currency. This reporting obligation takes effect in January 1995 and must be delivered to the Directorate every Monday following the reporting period.
DIRECTIVE No. 3/DSB/94
SUBJECT: - EXCHANGE HOUSES
- WEEKLY FOREIGN EXCHANGE OPERATIONS REPORT
In order to ensure adequate monitoring of their respective activities, Exchange Houses shall submit to the Bank of Angola a weekly report, for each establishment, regarding foreign currency operations conducted, detailing:
- the total operations conducted in banknotes and foreign exchange, by purchase and sale
- the totals by currency, also by purchase and sale
The aforementioned reports, according to the attached model, shall be submitted to the Banking Supervision Directorate on the following Monday. This Directive shall enter into force as of January 1995. Luanda, November 24, 1994 BANKING SUPERVISION DIRECTORATE