RegAlert1993-02-01
Added · Updated
Directive No. 01/DSB/93: Public Sale of Foreign Exchange
The Banking Supervision Directorate issued Directive No. 01/DSB/93 to establish procedures for the public sale of foreign exchange to authorized commercial banks operating in the country. The directive mandates that foreign exchange acquired through public sales must exclusively fund newly licensed operations involving goods, invisibles, and capital, and strictly prohibits using these funds to settle arrears. Additionally, it bans all credit operations intended to finance foreign exchange purchases during public sale sessions until official credit limits are formally established.
BNA published 2 documents in the last 30 days — get each new one by email the day it lands.
DIRECTIVE NO. 01/DSB/93
SUBJECT: PUBLIC SALE OF FOREIGN EXCHANGE
In order to establish procedures to be adopted in carrying out operations with foreign exchange obtained through the public sale of foreign exchange, authorized Commercial Banks operating in the Country shall observe the following:
1- Foreign exchange acquired through the public sale system is exclusively intended for carrying out new operations, and therefore may not be used to pay arrears. 2- Foreign exchange obtained through the public sale may only be used for duly licensed operations (goods, invisibles, and capital). 3- Until credit limits are established, the carrying out of any type of credit operation to finance the acquisition of foreign exchange in public sale sessions is prohibited.
Luanda, 02 February 1993
BANKING SUPERVISION DIRECTORATE
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Similar documents from other regulators
BCBResolution 007/2013 Approving the Foreign Exchange Operations RegulationsBolivia · 2013-01-08
Source: Banco Nacional de Angola — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from BNA
BNA published 2 documents in the last 30 days. We email you each new one the day it's published.
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.