Directive No. 07/2023, of June 26

GOVERNOR
DIRECTIVE NO. 07/2023
ORIGIN: MARKETS DEPARTMENT (DME)

DATE
26/06/2023
SUBJECT: FOREIGN EXCHANGE MARKET

• Procedures for the Sale of Foreign Currency by Companies in the
  Oil and Diamond Sectors
  In order to ensure greater transparency in foreign currency sales by companies in the oil and diamond sectors, considering the provisions established in Instruction No. 02/2020, of March 30, which allows certain companies in the aforementioned sectors to sell foreign currency to Banking Financial Institutions through the Bloomberg FXGO Platform; This Directive serves to establish the following:

1. Spot foreign currency sales by companies in the
   oil and diamond sectors, which occur on the Bloomberg FXGO platform, must be executed through the BMatch trading command.
2. Commands for bilateral foreign currency sales, as well as for
   conducting auctions, RFQ (Request for Quote) and STA (Single Tenor Auction), are for the exclusive use of the National Bank of Angola, the National Treasury and Commercial Banks.
3. Doubts and omissions resulting from the interpretation and application of this
   Directive are clarified by the National Bank of Angola.
4. This Directive enters into force on August 01, 2023.
   Luanda, June 26, 2023.
   MARKETS DEPARTMENT

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Tânia Patrícia de Oliveira Mendes Lopes
-Director-