Regulatory Alerts1991-09-30
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Notice No. 01/91 of October 16
The National Bank of Angola issued Notice No. 01/91 to require authorized financial institutions to hold mandatory reserves at the central bank, aiming to control economic liquidity and prevent inflation. The regulation sets a 20% reserve coefficient calculated monthly on the penultimate month's deposits, payable in national currency without interest except on amounts exceeding the monthly requirement. Institutions are prohibited from opening demand deposit accounts at other financial entities without prior central bank approval, and the Bank will publish detailed implementing rules.
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