Regulatory Alerts1992-08-12
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Notice No. 6/92 of August 12, 1992
The National Bank of Angola issued Notice No. 6/92 to establish special regulatory rules for the operation, authorization, and oversight of exchange houses. The notice mandates that these entities operate exclusively in foreign currency and traveler's check transactions, maintain a minimum paid-up capital of NKZ 5,000,000.00, and secure prior approval for qualified shareholdings and new branch openings. It further outlines strict conditions for authorization revocation, mandates pre-activity registration, and requires compliance with specific accounting, reporting, and exchange position limits set by the central bank.
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