Notice No. 01-2015 on Monetary and Exchange Policy: Import and Export of Foreign Currency and Traveler's Checks

Published in the Official Gazette, 1st Series, No. 15, of January 29

NOTICE No. 01/2015

SUBJECT: MONETARY AND EXCHANGE POLICY

• IMPORT AND EXPORT OF FOREIGN CURRENCY
  AND TRAVELER'S CHECKS

Whereas it is necessary to adjust the regulation on the operations of import, export, and re-export of foreign currency by banking financial institutions, as well as to determine the information that must be provided to the Bank of Angola;

Under the combined provisions of Articles 14 and 16 of Law No. 5/97 of June 27 - Exchange Law, and Article 70 of Law No. 13/05 of September 30 - Financial Institutions Law;

In the exercise of the competence conferred upon me by the provisions of item d) of paragraph 1 of Article 51 of Law No. 16/10 of July 15 - Bank of Angola Law.

I DETERMINE:

Article 1.
(Object and Scope)

1. This Notice establishes the procedures for the import, export, and re-export of foreign currency, as well as traveler's checks, to be observed by the financial institutions referred to in the following paragraph.

CONTINUATION OF NOTICE No. 01 /2015 Page 2 of 7
2. For the purposes of this Notice, only banking financial institutions are authorized to carry out the import, export, and re-export of foreign currency and traveler's checks.

Article 2
(Exemption from Prior Authorization)
Banking institutions are authorized, within the scope of their corporate object, to import, export, and re-export foreign currency, as well as traveler's checks, without prior authorization from the Bank of Angola.

Article 3.
(Duty to Inform)

1. Banking financial institutions must inform the Bank of Angola about each operation of import and export of foreign currency that they carry out.
2. The information referred to in the previous paragraph must be sent to the Bank of Angola, through the Financial Institutions Supervision System – SSIF, by the last business day of the week in which the operation occurred, in the manner defined in Annexes I and II of this Notice.

Article 4.
(Responsibility of Banking Financial Institutions)

1. Banking financial institutions are obliged to carry out all necessary diligence to ensure the authenticity of the imported foreign currency and traveler's checks made available at their counters.
2. At the time of customs clearance or customs release, banking financial institutions must comply with the administrative procedures established by the competent authorities.

CONTINUATION OF NOTICE No. 01 /2015 Page 3 of 7
3. Banking financial institutions are responsible for all information provided to the Bank of Angola, and for this purpose must keep on file the customs documents and other documentation supporting the operations, under the terms of Law No. 13/05 of September 30 - Financial Institutions Law.

Article 5.
(Offenses)
Offenses against the provisions of this Notice are punishable under the terms of Law No. 05/97 of June 27 and Law No. 13/05 of September 30, respectively, Exchange Law and Financial Institutions Law, without prejudice to other applicable legislation.

Article 6.
(Doubts and Omissions)
Doubts and omissions arising from the interpretation of this Notice will be resolved by the Bank of Angola.

Article 7.
(Revocation)
Notice No. 01/14 of February 3 is hereby revoked.

Article 8.
(Entry into Force)
This Notice enters into force on the date of its publication.

PUBLISH.

Luanda, January 26, 2015.

THE GOVERNOR
JOSÉ PEDRO DE MORAIS JÚNIOR

CONTINUATION OF NOTICE No. 01 /2015 Page 4 of 7

ANNEX I
Import and Export of Foreign Banknotes and Coins

BANK NAME:
REFERENCE WEEK:

1 2 3 4 5 6 7 8 9
Subtotal per currency
Subtotal per currency
Subtotal per currency
Grand Total

1 2 3 4 5 6 7 8 9
Subtotal per currency
Subtotal per currency
Subtotal per currency
Grand Total

EQUIVALENT IN KZ
VALUE
DATE OF DEPARTURE
CUSTOMS POST
FINANCIAL INSTITUTION
CURRENCY FACE VALUE QUANTITY DESTINATION VALUE IN CURRENCY COUNTRY IMPORT AND EXPORT OF FOREIGN BANKNOTES AND COINS IMPORT VALUE DATE OF ENTRY CUSTOMS POST FINANCIAL INSTITUTION SUPPLIER EXPORT FACE VALUE QUANTITY VALUE IN CURRENCY EQUIVALENT IN KZ COUNTRY CURRENCY

CONTINUATION OF NOTICE No. 01 /2015 Page 5 of 7

ANNEX I
Descriptive Table
Date of entry/exit from national territory of the currency, referred to in column 4 Customs post in Angola for the entry/exit of the currency referred to in column 4 Financial institution supplier/recipient of the value referred to in column 4 Country of domicile of the financial institution supplier/recipient of the currency referred to in column 4 International abbreviation of foreign banknotes and coins Value converted to Kz corresponding to that referred to in column 4, at the reference exchange rate of purchase of the day. Face value of banknotes and coins Quantity of banknotes and coins with face value referred to in column 2 Amount of the currency referred to in column 1

CONTINUATION OF NOTICE No. 01 /2015 Page 6 of 7

ANNEX II
Import and Export of Traveler's Checks

BANK NAME:
REFERENCE WEEK:

1 2 3 4 5 6 7 8 9
Subtotal per currency
Subtotal per currency
Subtotal per currency
Grand Total

1 2 3 4 5 6 7 8 9
Subtotal per currency
Subtotal per currency
Subtotal per currency
Grand Total

EXPORT
IMPORT AND EXPORT OF TRAVELER'S CHECKS
IMPORT
VALUE
DATE OF ENTRY
CUSTOMS POST
CURRENCY VALUE OF CHECK QUANTITY VALUE IN CURRENCY EQUIVALENT IN KZ CURRENCY VALUE OF CHECK QUANTITY EQUIVALENT IN KZ VALUE IN CURRENCY FINANCIAL INSTITUTION RECIPIENT COUNTRY FINANCIAL INSTITUTION SUPPLIER COUNTRY VALUE DATE OF DEPARTURE CUSTOMS POST

CONTINUATION OF NOTICE No. 01 /2015 Page 7 of 7

ANNEX II
Descriptive Table
Date of entry/exit from national territory of the currency, referred to in column 4 Customs post in Angola for the entry/exit of the currency referred to in column 4 Financial institution supplier/recipient of the value referred to in column 4 Country of domicile of the financial institution supplier/recipient of the currency referred to in column 4 International abbreviation of foreign banknotes and coins Value converted to Kz corresponding to that referred to in column 4, at the reference exchange rate of purchase of the day. Face value of banknotes and coins Quantity of banknotes and coins with face value referred to in column 2 Amount of the currency referred to in column 1