News and developments
ANGOLA FOREIGN EXCHANGE POLICY NOTICE NO. 01/2020, OF 9 JANUARY
NOTICE NO. 01/2020, OF 9 JANUARY
- Notice no. 01/2020 has amended the wording of Article 5 of Notice no. 5/18, of 17 July, stipulating that Banking Financial Institutions may carry out, without the BNA’s prior authorisation, import operations of goods with a settlement period of more than 360 (three hundred and sixty) days, as from the date of the customs clearance of landing.
- This Notice entered into force on the date of its publication.
- Notice no. 02/2020 establishes new rules and procedures for the carrying out of foreign exchange transactions involving current invisibles made by foreign exchange resident legal entities.
- According to the BNA’s announcement, the following should be highlighted in this regard:
- This Notice revokes Notice no. 13/13, of 6 August, and all legal provisions that are in contradiction with it.