Regulatory Alerts2014-02-03
Notice No. 01/2014 of January 17 – Monetary and Exchange Policy: Import and Export of Foreign Currency and Traveler's Checks
The National Bank of Angola issued Notice No. 01/2014 to regulate the import and export of foreign currency and traveler's checks by banking financial institutions. The regulation mandates prior licensing valid for 60 days, requires detailed documentation for both import and export requests, and establishes a strict reporting obligation through the Financial Institutions Supervision System (SSIF) or Excel files. Furthermore, it clarifies institutional responsibilities for currency authenticity and customs compliance, imposes penalties for non-compliance under existing financial laws, and repeals two prior notices effective 30 days after publication.
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