All bank customers (companies and individuals), who have regular credit status or have credit in arrears up to March 2020 and who, due to the duration of the Emergency State, have difficulties in meeting the payment of their credit instalments, can benefit from this measure, explains the regulator on its website.
The granting of the moratorium will not imply any charges or commissions at the cost of the obligations initially assumed, nor may it increase future instalments, although it may allow the number of instalments to be increased.
Due to the constraints arising from the state of emergency in Angola declared to combat the covid-19 pandemic, in force since 27 March and which continues until 11 April, the BNA adopted a series of extraordinary measures.
In addition to the relaxation of deadlines for compliance with credit obligations, it also establishes the temporary exemption of limits per payment instrument on the import of essential goods for 90 days.
This list includes basic food items (sugar, rice, corn, wheat, beans, milk powder, cooking oil, beef, pork, chicken meat), medicines and biosecurity material.
Prepayments or advances for the import of the above-mentioned products, the value of which is less than 100,000 dollars, are exempt from BNA authorization and/or presentation of bank guarantees.
Companies in the petroleum sector, including entities dedicated to the production of liquefied natural gas, and financial banking institutions wishing to trade foreign currency, will have to trade all foreign exchange operations through the Bloomberg trading platform, known as "FXGO".
Sales of foreign currency of less than 500,000 dollars by oil companies, which may be traded directly with one or more financial banking institutions without FXGO, are exempt.
On the basis of transactions executed or executable, registered in the electronic trading platform "FXGO", market exchange rates will be published and updated throughout the day to represent the market at all times.
