New rules on current invisible transactions and goods transactions

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New rules on current invisible transactions and goods transactions

2020-01-21

Banco Nacional de Angola (“BNA”) has approved another legislative package intended to contribute to the liberalisation the foreign exchange market. The package contains BNA Notices 1/2020 and 2/2020, both of 17 January 2020.

Notice 1/2020 amends the rules on payment for goods transactions in Notice 5/2018 of 17 July 2020 and extends the exemption from BNA licensing to all goods transactions, regardless of the payment timeframe.

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