On 25 October 2019 the Foreign Exchange Control Department of the National Bank of Angola issued Directive 03/DCC/2019, which established that, without prejudice to compliance with Directive 03/ DCC/2018, of 26 October 2018, commercial banks must report the settlement needs of letters of credit opened under quantity auctions as soon as the documents are presented, proving entry of the relevant goods into national territory.
 
Directive 03/ DCC/2019 entered into force on 25 October 2019, repealing paragraphs 6 and 8 of Directive 03/DCC/2018, of 26 October 2018.

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