Angola | 2018.08.31
NEW REPORTING REQUIREMENTS FOR DETERMINATION OF THE FOREIGN EXCHANGE POSITION FOR BANKS

The Central Bank of Angola ("BNA") issued Directive No. 05/DSB/DRO/DMA/2018, of 20 August 2018, on the information to be submitted to determine the foreign exchange position of Commercial Banks. Henceforth, Banks must submit, on a daily basis and electronically, the "Daily Foreign Exchange Position" map and respective closing balances in Euros, with information relating to the previous business day, through the Financial Institutions Supervision System.
 
The Directive repealed Directive No. 01/DSI/DRO/DMA/2018, of 29 January 2018, on the same subject.

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