Regulatory Alerts2018-12-10
Instrutivo No. 21/2018 on Exchange Rate Policy – Extension of Temporary Suspension of Licensing for Imported Goods Operations
The Banco Nacional de Angola extends the temporary suspension of prior licensing for imported goods operations that remain unsettled beyond 360 days following customs unloading clearance. Banking financial institutions must verify the legitimacy of these operations through supporting documentation before settlement, with non-compliance constituting a punishable offense under existing exchange rate and financial institution laws. These provisions remain effective until December 31, 2019, and any interpretive doubts are resolved by the central bank.
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