Directive No. 01-DCC-2018 of April 3

THE GOVERNOR
DIRECTIVE NO. 01/DCC/2018
ORIGIN: Department of Exchange Control (DCC) DATE 03/04/2018 SUBJECT: Exchange Policy - Submission of Information Regarding Needs Maps

Whereas it is necessary to provide differentiated treatment to exchange operations related to current needs, defined as operations after January 1, 2018, and to arrears payments, defined as operations prior to that date; This Directive serves to establish the following:

1. Without prejudice to compliance with the provisions of Directive No. 01/17 of February 3, provided it does not contradict the provisions of this Directive, Commercial Banks must submit the needs maps according to the following instructions:
   1.1 Needs Map (Arrears Payments)
   a) Preparation of a Needs Map containing only the requests registered by Commercial Banks up to December 31, 2017, and still awaiting settlement; b) Validation of the Needs Map by the Bank's Compliance departments before submission to the BNA; c) Submission of the Needs Map to the BNA only once, by April 26, 2018; d) The BNA will establish a schedule and criteria for the regularization of these operations, which will be communicated to the banks by May 31

DIRECTIVE NO. 01/DCC/2018 Page 2 of 2 of 2018, together with the procedures that must be followed for this purpose.
1.2 Needs Map (Current Operations)
a) The weekly Needs Map shall henceforth contain only the requests registered by Commercial Banks from the cutoff date referred to in subpoint 1.1(a) of point 1, and still unsettled.

2. Any doubts and omissions resulting from the interpretation of this Directive shall be clarified by the Department of Exchange Control.
3. This Directive enters into force on the date of its publication.
   Luanda, April 3, 2018.
   DEPARTMENT OF EXCHANGE CONTROL
   ______________________________________________ Veloso Ndunguini Filipe Pedro -Director-