Notice No. 5/94 of 21 March

NOTICE No. 5/94

de 21 de Março

Considering the need to continue the process of gradual adjustment of the official exchange rate to the macroeconomic equilibrium point, following Notices No. 2/94 of 10 February, No. 3/94 of 17 February, and No. 4/94 of 28 February;

Taking into account that such adjustment process falls under both the complementary measures to the 1993 Emergency Program and the preparation of the Economic and Social Program for 1994, as determined by the Council of Ministers through Resolution No. 4/93 of 10 September, and by the National Assembly through Resolution No. 17/93 of 12 November,

Under the provisions of paragraph e) of Article 42 and Article 60 of the Organic Law of the National Bank of Angola,

I DETERMINE:

Article 1

The official exchange rate is set at US$ 1.00 = Nkz 35,000.00 (One United States Dollar equivalent to Thirty-Five Thousand New Kwanzas).

Article 2

This Notice enters into force on 22 March 1994.

PUBLISHED

Luanda, 21 March 1994.

THE GOVERNOR

GENEROSO HERMENEGILDO GASPAR DE ALMEIDA