Regulatory Alerts2015-06-08
Notice No. 10/2015 of June 8: Exchange Rate Policy - Entry and Exit of Currency in the Santa Clara (Angola) and Oshikango (Namibia) Border Zone
The Governor of the National Bank of Angola issued Notice No. 10/2015 to regulate the transport of national and foreign currency across the Santa Clara and Oshikango land border with Namibia. The notice establishes specific monetary limits for residents and non-residents, distinguishing between adults and minors, while mandating the declaration of foreign currency exceeding these thresholds. Violations of these provisions are subject to penalties under the Exchange Law and other applicable legislation.
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