Regulatory Alerts2012-10-22
Notice No. 28/2012 of October 22 – Amendment to Articles 4 and 8 of Notice No. 01/2012 on Foreign Currency Inflow and Outflow
The Bank of Angola’s Governor issued Notice No. 28/2012 to amend Articles 4 and 8 of its January 2012 regulation on foreign currency movements. The amended provisions establish a maximum outbound limit of USD 10,000 for non-resident adults and USD 3,000 for minors, while permitting higher amounts if travelers present a duplicate customs declaration matching their initial entry value. This notice clarifies the legal framework for non-resident natural persons carrying foreign currency out of Angola and enters into force thirty days after publication.
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