NATIONAL BANK OF ANGOLA: Handling of Private Client Accounts in Foreign Currency

National Bank of Angola issued the following announcement on July 10.

The National Bank of Angola, acting as regulatory and supervisory body and guarantor of the stability of the financial system, under the provisions of article 21 of Law no. 16/10, of July 15 - Law of the National Bank of Angola and in accordance with the provisions of paragraph c) of number 1 of article 109 of Law no. 12/15, of June 17 - Basic Law of Financial Institutions, hereby informs all public and private entities that, for inactivity for a period exceeding six (6) months, revoked the following licenses:

• DIAS & POEIRA - Casa de Câmbio, Lda .;
• EXPRESSO - Casa de Câmbio, Lda .;
• GLOBAL - Casa de Câmbio, Lda .;
• KÉTSIA - Home Exchange, Lda .;
• NEVISA - Casa de Câmbio, Lda .;
• POINT CÁMBIOS - Casa de Câmbio, Lda .;
• CREDIT NETWORK - Cooperativa de Crédito, Lda.

In view of the foregoing, within a maximum of thirty (30) days from the date of publication of this notice, public and private institutions with credit rights over the financial institutions described above must participate with the Department of Regulation and Organization of the Financial System of the BNA.

Original source can be found here.