In a new instruction, the National Bank of Angola (BNA) informs that "remittances of values from Angola abroad are limited to 5000 dollars or the equivalent in another foreign currency, per month, per originator".
The BNA also states that "remittances received from outside the country are not subject to regulatory limits".
The document also clarifies that the sale of foreign currency is limited to US$5,000 or the equivalent in another foreign currency, "per foreign exchange resident traveler over 18 years old, per month, and can be delivered to the customer in banknotes or loaded on a prepaid card".
The BNA informs that non-compliance with the rules established in the instruction "constitutes a punishable misdemeanor under the terms of Law No. 14/21, of 19 May, Law on the General Regime of Financial Institutions".
Thus, the BNA "reserves the right to prohibit" customers who exceed the limits defined in the new instruction "from carrying out foreign exchange operations in the national financial system for periods to be determined".
