Regulatory Alerts1995-06-28
Instruction No. 03/95: Exchange Policy for Current Invisible Operations
The National Bank of Angola issues Instruction No. 03/95 to establish regulatory frameworks and documentation requirements for current invisible operations, including commercial transactions, transport, insurance, capital income, and commissions. The directive mandates that authorized financial institutions maintain detailed records for five years, obtain prior licensing for specific commercial operations, and report all transactions to the central bank within strict deadlines. It further specifies the exact supporting documents required for various categories such as freight, insurance premiums, dividends, and interest to ensure compliance with Angolan exchange laws.
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