Regulatory Alerts1996-07-25
Notice No. 14/96 of July 29
The Governor of the Bank of Angola issues this notice to establish monetary correction and a monthly interest rate of 0.25% on the voluntary and compulsory deposits held by financial institutions at the central bank. It mandates that interest and correction amounts be credited to reserve accounts on the last business day of each following month, applying a monetary correction index every thirty days to monthly average balances. The notice formally revokes Notice No. 04/95 and enters into force on August 1, 1996.
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