Regulatory Alerts2021-07-05
Directive No. 07/DMA-2021, of July 6
The National Bank of Angola, through its Assets Market Department, establishes a 22% coefficient for foreign currency mandatory reserves and defines eligible assets as FC treasury bonds (up to 50% of effective eligibility) and FC deposit balances net of central government deposits. Banking financial institutions must calculate their tax base using deposits made from August 2, 2021, and achieve full compliance by August 9, 2021. This directive immediately enters into force and explicitly revokes numbers 6 and 8 of Directive No. 05/DMA/2021 to align reserve requirements with the current macroeconomic stability framework.
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