The Angolan Central Bank (BNA) recently issued Order No. 4/17, of 28 June 2017, which establishes new rules and procedures applicable to foreign exchange transactions aimed at receiving revenues from the exportation and re-exportation of goods in Angola. Pursuant to this Order, the settlement of exportation and re-exportation operations may only be performed by banking institutions that are duly licensed to operate in the country. Under the BNA Order, said banking institutions are now authorized to guarantee exporting entities the availability of the hard currency required for operations.
This Order enters into force on 27 July 2017.
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