New rules on current invisible transactions and goods transactions

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.