Regulatory Alerts2015-01-26
Notice No. 01-2015 on Monetary and Exchange Policy: Import and Export of Foreign Currency and Traveler's Checks
The Governor of the Bank of Angola issued Notice No. 01-2015 to update regulations regarding the import, export, and re-export of foreign currency and traveler's checks by banking financial institutions. The notice grants these institutions authorization to conduct such operations without prior approval from the central bank, provided they verify authenticity and comply with customs procedures. Institutions are strictly required to report all transactions via the Financial Institutions Supervision System (SSIF) by the last business day of the week in which the operation occurred.
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