RegAlert

Rule · BNA · 9 Sep 1993

Notice No. 10/93 of 10 September

fx

The National Bank of Angola issued Notice No. 10/93 to devalue the national currency, establishing a new official exchange rate of 6,500 New Kwanzas per US dollar. The directive mandates that the central bank implement measures to gradually align the official rate with the macroeconomic equilibrium point, in line with the Government's 1993 Economic and Emergency Programmes. This regulatory notice takes effect on 13 September 1993.

AngolaBanco Nacional de Angola

NOTICE No. 10/93 of 10 September
Considering the need to adjust the official exchange rate in accordance with the guidelines of the Government's Economic Programme for 1993; Under Articles 42 and 60 of the Organic Law of the National Bank of Angola, I determine:
Article 1
The national currency is devalued, with the National Bank of Angola adopting as a reference the exchange rate of 1 US$ = 6,500.00 NKZ (one United States dollar equivalent to six thousand five hundred New Kwanzas).
Article 2
The National Bank of Angola will adopt the necessary measures to gradually bring the official exchange rate closer to the macroeconomic equilibrium point, in accordance with the guidelines of the complementary measures of the Government's Emergency Programme.
Article 3
This Notice enters into force on 13 September 1993.
PUBLISH
Luanda, 10 September 1993.
THE GOVERNOR
GENEROSO HERMENEGILDO GASPAR DE ALMEIDA

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Notice No. 10/93 of 10September1993-09-09 · this documentNotice No. 10/93 of 10 September (1993-09-09)Mentions (2)documents that mention itopen the list below the graph ▾Mentions (2): documents that mention it without changing it — open the list below the graph
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Referred to by
  • Notice No. 03/94 of February 171994 · BNA

    “Taking into account that such adjustment process constitutes an important preparatory stage for the implementation of the Government's Economic Program for 1994, in addition to having already been provided for in the complementary measures…”

  • Notice No. 2/94 of February 101994 · BNA

    “Considering the need to gradually align the official exchange rate with the macroeconomic equilibrium point as established in Article 2 of Notice No. 10/93 of September 1,”

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