Regulatory Alerts1994-03-21
Notice No. 5/94 of 21 March
The Governor of the National Bank of Angola issued Notice No. 5/94 to establish the official exchange rate at 35,000 New Kwanzas per US dollar. This rate adjustment continues a gradual macroeconomic stabilization process initiated in February 1994 and aligns with the 1993 Emergency Program and the upcoming 1994 Economic and Social Program. The notice takes effect on 22 March 1994 under the authority of the Bank's Organic Law.
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