The National Bank of Angola has recently updated the rules on clearing and complying with compulsory reserves of Banking Financial Institutions. This update covers the determination of the amounts of compulsory reserves, their reserve base in national and foreign currency, the balances eligible for compliance with compulsory reserves and the rules for their calculation.

Following these changes imposed by Instruction No. 17/2019, of 24 October 2019, it was also necessary to update calculation requirements with a view to meeting the required reserves through Directive No. 08/DMA/DRO/2019, which defines which balances and assets are eligible for compliance with Compulsory Reserves, and what compulsory reserves coefficient will be applied to daily balances.

Instruction No. 17/2019 entered into force on 24 of October 2019, repealing Instruction No. 10/2018, of 19 July 2018, and all regulations contradicting the provisions of this latest Instruction.

Directive No. 08/DMA/DRO/2019 entered into force on 24 October 2019, repealing Directive No.  04/DSP/DRO/2018, of 19 July 2018.

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