Directive No. 05/2026 on the Constitution of Mandatory Foreign Currency Reserves

The National Bank of Angola's Markets Department issued Directive No. 05/2026 to consolidate accounts and adjust procedures for the constitution and demobilization of mandatory foreign currency reserves for banking financial institutions. It designates USD, EUR, CNY, and ZAR as eligible currencies, requiring institutions to submit confirmation and demobilization requests to dme@bna.ao, with bank coordinates shared separately. This directive, which considers only the effective daily closing balance in the BNA's correspondent account, revokes Directive No. 03/23 and becomes effective on July 6, 2026.

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GOVERNOR
DIRECTIVE NO. 05/2026
ORIGIN: MARKETS DEPARTMENT (DME)
DATE
02/07/2026
SUBJECT: FINANCIAL SYSTEM
− Constitution of Mandatory Foreign Currency Reserves (FC) Given the need to consolidate the accounts defined by the National Bank of Angola, for the fulfillment of the Mandatory Reserves applicable to Banking Financial Institutions, in foreign currency, as provided in Instruction No. 02/26, of June 30, as well as to adjust the procedures for their constitution and demobilization; This Directive serves to establish the following:

The eligible currencies for the fulfillment of Mandatory Foreign Currency Reserves (FC) are the United States Dollar (USD), the Euro (EUR), the Renminbi (CNY), and the South African Rand (ZAR).
The bank coordinates for the constitution of Mandatory Foreign Currency Reserves (FC) are shared through specific communication.
For the purposes of the preceding point, only information related to the effective daily closing balance in the National Bank of Angola's correspondent account is considered.
For the purposes of constituting and demobilizing Mandatory Foreign Currency Reserves, Banking Financial Institutions must submit confirmation communications and demobilization requests to the email address dme@bna.ao.
Directive No. 03/23 of February 6 is revoked.
Doubts and omissions resulting from the interpretation and application of this
CONTINUATION OF DIRECTIVE NO. 05/2026 Page 2 of 2 Directive are clarified by the National Bank of Angola.
This Directive comes into force on July 6, 2026.
Luanda, July 2, 2026.
MARKETS DEPARTMENT
Tânia Patrícia de Oliveira Mendes Lopes
-Director-

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Lineage: In force

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Timeline

This document amends: Instruction No. 02/2026 of June 30 on Mandatory Reserves

This document supersedes: Directive No. 03-DME-2023 on Compulsory Foreign Currency Reserves

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