Regulatory Alerts1994-02-09
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Notice No. 2/94 of February 10
The National Bank of Angola fixes the official exchange rate at US$1.00 to 12,740.00 New Kwanzas to gradually align with macroeconomic equilibrium targets established in Notice No. 10/93. Issued by Governor Generoso Hermenegildo Gaspar de Almeida under the Bank's Organic Law, this directive replaces prior valuation benchmarks. The new rate officially takes effect on February 14, 1994.
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