New currency regulations come into force in Angola

The National Bank of Angola has announced new regulations about the import and export of foreign currency and Kwanzas which will come into effect on 27 February 2012.

In summary adult residents can take out of Angola the equivalent of USD15000 in foreign currency and non residents can take out USD10000.

The total ban on exporting Kwanzas has been lifted and residents and non residents can take out of Angola 50000 Kwanzas in addition to the dollars or foreign currency mentioned above.

On entering Angola, residents continue to need to declare amounts over USD15000 and non residents amounts over USD10000.

 

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