Select a location

This selection will switch the site from presenting information primarily about Angola to information primarily about . If you would like to switch back, you may use location selection options at the top of the page.


Instructions of the central bank

  1. Limits to the Exchange Transactions for Family Support
  2. Creation of an Independent Function of Exchange Control in Banking Financial Institutions
  3. Temporary Suspension of Licensing of Exchange Transactions for Importing Goods

Instruction no. 6/2018 of 19th of June, which comes into force on 1st of July, set the monthly sale limit for family aid of € 1,000 per beneficiary and € 2,500.00 per sender.

Expenses related to health and education are not subject to limits when paid directly to establishments that provide the services.

The limit for operations intended for transfers related to family support, contributions to class entities and other transfers of a private nature ordered by the same person, remains in the amount of KZ 12,000,000.00 for each calendar year.

According to Instruction No. 7/2018 of 19th of June, which entered into force on 19th of June, Banking Financial Institutions should establish and maintain an independent exchange control function, reporting directly to a Director. The function of the exchange control function is to ensure strict compliance with the exchange legislation and regulations in force, taking into account the overall objective of exchange control in the economic context; the accuracy in registering and reporting foreign exchange transactions to the BNA; a fair, ethical, professional and transparent relationship in the relations between the Institution, its clients and other market participants, and effective and efficient communication with the BNA on foreign exchange issues through the person in charge of the function. This function should verify the framework of the foreign exchange transactions in the business of the corporate client considering its nature, size and financial situation among other factors and, in the case of private clients, the framework of its circumstances and financial capacity within the process of monitoring provided for in the Law on Combating Money Laundering and Terrorism Financing.

The Instruction also establishes the sanctions in case of non-compliance with the norms established therein and determines that the Banking Financial Institutions have 60 days to comply with what the instruction sets.

Instruction no. 8/2018 of 19 June, which entered into force on the same day, established that it was temporarily suspended the need for BNA to license goods import operations awaiting settlement, with customs clearance orders dated after 1st of January, 2015.

Foreign exchange operations for the settlement of goods abroad, with a landing date prior to 1st of January 2015, remain subject to the licensing of the BNA, under the terms of the existing regulations on capital transactions.

Contracts providing for payments of goods with a term of more than 3 years, after the date of landing of the goods, must be treated in accordance with the capital regulations.

This instruction shall be valid for a period of 3 months from the date of its publication.