Regulatory Alerts1992-07-20
Instruction No. 3/92 on Exchange Rate Policy and Public Sale of Foreign Exchange
The Governor of the National Bank of Angola mandates that the exchange rate for issuing the Prior Import Registration Form must be calculated as the weighted average of winning bids from public foreign exchange sales. This directive requires the central bank to announce the finalized rate before each session closes to ensure accurate customs tax assessment and prevent artificial exchange rate inflation driven by tax incentives. The regulation takes immediate effect upon publication.
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