Regulatory Alerts2024-10-07
Directive No. 06/2024, dated October 7
The Central Bank of Angola’s Markets Department issues Directive No. 06/2024 to standardize the daily submission of indicative buying and selling exchange rates for the US dollar, euro, and South African rand on the Bloomberg FXGO platform. Authorized banking financial institutions must submit these rates at 14:00 hours, with non-compliance constituting a punishable offense under the General Regime for Financial Institutions Law. The directive revokes prior conflicting regulations, grants the Central Bank authority to resolve interpretive disputes, and takes effect upon publication.
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