Ver Angola

Banking and Insurance

BNA sets individual bank transfers at 250,000 dollars per year

The National Bank of Angola (BNA) has set individual bank transfers abroad at 250,000 dollars per year, which represents an increase of around 130,000 dollars compared to the 120,000 dollars set previously.

: Nelson Silvestre
Nelson Silvestre  

The revelation was made this Tuesday by José de Lima Massano, governor of the BNA. Cited by Angop, the official, who was speaking on the sidelines of the III Ordinary Meeting of the Economic Commission of the Council of Ministers, justified this growth with the fact that the national currency and the exchange rate, which is no longer administrative, have gained some stability.

Speaking about the reduction of bureaucracy, José de Lima Massano advanced that an authorization by the central bank will only be necessary if more than the determined 250 million dollars are needed.

However, the governor of the BNA explained that it is still important to prove the financial capacity, in order to comply with the measures to combat money laundering, corruption and terrorism.

Transfers made for reasons of health, education, and import and export of products no longer have a limit, he said.

José de Lima Massado also indicated that in the session it was also decided that the exchange operations of companies in the oil sector and the import and export of products will be simplified, aiming to guarantee a more favorable business environment.

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