Directive No. 06/2024, dated October 7

GOVERNOR
DIRECTIVE NO. 06/2024
ORIGIN: MARKETS DEPARTMENT (DME)

DATE
07/10/2024
SUBJECT: FOREIGN EXCHANGE MARKET

• Indicative Buying and Selling Exchange Rates submitted by Banking Financial Institutions on the Bloomberg FXGO Platform (AOA - BGN)

Whereas the Bloomberg reference exchange rate aims to be representative of the Foreign Exchange Market, reflecting "indicative" and "executed" rates in the market, it is urgent to adjust the procedures that Banking Financial Institutions must follow when inserting indicative rates on the Bloomberg Platform;

Pursuant to Article 36 of Law No. 14/21, dated May 19, General Regime for Financial Institutions Law, combined with Articles 39, 40, and 41 of Law No. 24/21, dated May 18, Central Bank of Angola Law. This Directive serves to establish the following:

1. Indicative exchange rates are quotes provided by Banking Financial Institutions that indicate the proposed exchange rate levels for foreign currency buying and selling operations.

2. Authorized Banking Financial Institutions must submit daily, at 14:00 hours, their indicative buying and selling exchange rates for the United States dollar (USD), Euro (EUR), and South African Rand (ZAR) currencies.

3. Non-compliance with this Directive constitutes an offense punishable under Law No. 14/21, dated May 19, General Regime for Financial Institutions Law.

CONTINUATION OF DIRECTIVE NO. 06/2024 Page 2 of 2
4. All regulations contrary to this Directive are hereby revoked, namely Directive No. 03/DMA/2020, dated June 20 and Directive No. 04/DME/2023, dated February 02.

5. Doubts and omissions arising from the interpretation and application of this Directive are resolved by the Central Bank of Angola.

6. This Directive enters into force on the date of its publication.
   Luanda, October 07, 2024.
   MARKETS DEPARTMENT

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Tania Patricia de Oliveira Mendes Lopes
-Director-