Regulatory Alerts2020-10-05
Directive No. 04/DMA/2020 on Requirements for the Calculation and Compliance of Mandatory Reserves
The National Bank of Angola’s Markets and Assets Department issues Directive No. 04/DMA/2020 to update the calculation and compliance framework for mandatory reserves, establishing a weekly incidence base period and distinct reserve coefficients of 22% for national currency and 17% or 100% for foreign currency depending on the account holder. The directive specifies eligible assets, including national currency demand deposits and foreign currency Treasury bonds, while granting full credit rights recognition to designated real-sector loans. Revoking prior conflicting regulations, it mandates effective compliance starting October 19, 2020, and grants the National Bank of Angola final authority over interpretive disputes.
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