Regulatory Alerts2022-12-13
Directive No. 11/DME/2022
The National Bank of Angola, through its Markets Department, issues Directive No. 11/DME/2022 to update the calculation and compliance framework for mandatory reserves, establishing a 17% coefficient for national currency balances, 22% for foreign currency balances, and a 100% coefficient for central and local government accounts. The directive defines eligible daily balances, outlines specific deductions for agricultural, real sector, and housing loans validated by the Credit Monitoring Office, and mandates compliance starting December 12, 2022. It simultaneously revokes Directive No. 08/DME/2022 and any conflicting regulations, ensuring immediate enforcement to enhance monetary policy instrument efficiency within the current macroeconomic stability framework.