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Fri, 18 Mar 2016 13:15 - Updated Sat, 19 Mar 2016 11:12

Central Bank adjusts model of placing foreign currency in market

Luanda - The National Reserve Bank (BNA) last Thursday announced the holding of periodical sessions of foreign currency sale, as well as that it will determine the amounts to be sold to each commercial bank and economic agent.

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head-office of the National Reserve Bank (BNA)

Photo: Lino Guimaraes

According to a press note from the institution, the BNA decided also that in every currency sale operation it will determine the destination of the monetary amount sold, whose application will be mandatory.

“Commercial banks will have to strictly follow the regulation in force, be aware of the responsibilities in the safeguarding of the rights of customers, by acting with impartiality and good faith”.   

The note informs also that the BNA will permanently monitor the application of the monetary amounts in foreign currency sold to commercial banks.

The note also reminds that infringements to the regulation in this sector and specific BNA notices are subject to accountability and penalties, in accordance with the laws.

   

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