Regulatory Alerts1995-06-28
Instruction No. 05/96: Exchange Rate Policy - Capital Operations
The National Bank of Angola issued Instruction No. 05/96 to standardize the regulatory framework, documentation, and licensing procedures for all capital operations, including commercial credit, foreign investment, and personal capital movements. The directive mandates that authorized financial institutions submit detailed transfer requests, maintain sequential archival records for a minimum of five years, and report completed transactions to the central bank within five days using prescribed forms. It further establishes specific exchange rate applications, defines operational limits for external financing and foreign direct investment, and outlines precise documentation requirements for licensing, settlement, and repatriation of funds.
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