Through Order No. 13/23, of 14 December 2023, the National Bank of Angola (BNA) established new criteria and procedures that must be observed by Banking Financial Institutions for the contracting of forward exchange operations with their clients, i.e. operations for the purchase (sale) of Kwanzas and sale (purchase) of a foreign currency, in certain amounts and at certain exchange rates and future maturity dates.

Under the new regime, commercial banks are allowed to enter into forward exchange operations for hedging purposes.

This BNA Order came into effect on the date of its publication and repealed BNA Order No. 22/20, of 27 November 2023.

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