Regulatory Alerts1992-04-13
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Notice No. 03/92 of April 14
The National Bank of Angola devalues the national currency, establishing an official exchange rate of 550 new Kwanzas per United States dollar. This measure implements the readjustment of price, income, monetary, credit, and exchange policies outlined in the Government Action Program. The directive takes effect at midnight on April 15, 1992, pursuant to Articles 42 and 60 of the Bank's Organic Law.
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