Regulatory Alerts2022-05-06
Notice No. 13/2022 of May 4 on Foreign Exchange Policy
The Banco Nacional de Angola establishes a 10% foreign exchange position limit for Commercial Banks relative to their Regulatory Own Funds, mandating daily reporting of converted Kwanza balances by 8:30 a.m. via the Financial Institutions Supervision System or Excel format. The notice defines the calculation base, excludes off-balance sheet accounts, and designates the BNA to resolve interpretative doubts while revoking prior regulatory instruments. Commercial Banks must comply with these updated limits and reporting requirements within five business days of publication, with non-compliance subject to sanctions under the General Regime for Financial Institutions Law.
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