Directive No. 04-2023, dated February 2

GOVERNOR
DIRECTIVE NO. 04/DME/2023
ORIGIN: MARKETS DEPARTMENT (DME)
DATE
02/02/2023
SUBJECT: FOREIGN EXCHANGE MARKET

• Indicative Buying and Selling Exchange Rates submitted by
  Banking Financial Institutions on the Bloomberg FXGO Platform (AOA - BGN) Whereas there is a need to establish procedures for the submission of indicative rates by Banking Financial Institutions on the Bloomberg Platform; Considering that the Bloomberg reference exchange rate aims to be representative of the Foreign Exchange Market, reflecting "indicative" and "executed" rates in the market; This Directive serves to establish the following:

1. Indicative exchange rates are quotes provided by Banking Financial Institutions that signal the proposed exchange rate levels for
   foreign currency buying and selling operations.
2. Banking Financial Institutions authorized to conduct foreign exchange trading
   must submit daily, at 8:30 and 13:30 hours, their indicative buying and selling exchange rates for the United States dollar (USD), Euro (EUR), and South African rand (ZAR).
3. In accordance with the preceding point, Banking Financial Institutions
   may also update their indicative exchange rates throughout the operational day.

CONTINUATION OF DIRECTIVE NO. 04/2023 Page 2 of 2
4. Doubts and omissions resulting from the interpretation and application of this
Directive are resolved by the Central Bank of Angola.
5. This Directive enters into force on February 13, 2023.
Luanda, February 2, 2023.
MARKETS DEPARTMENT

Tânia Patrícia de Oliveira Mendes Lopes
-Director-