Forex trading is legal in Angola, with the National Bank of Angola (BNA) serving as the central regulatory authority overseeing foreign exchange activities in the country (1). The BNA operates as both the central bank and the ultimate foreign exchange authority, maintaining control over currency transactions and market operations to ensure stability and compliance with national monetary policies.
Angola has implemented structured foreign exchange regulations that govern currency movement and trading activities (2). The government has established specific limitations on currency transit, with Angolan citizens permitted to carry up to US$10,000 into or out of the country, while Angolan residents face a more restrictive US$5,000 limitation for international currency movement.
"The exchange rate in Angola is freely determined by the market based on forex trading on the Bloomberg trading platform FXGO, following the principle of supply and demand and rate fluctuations."
The central bank maintains active oversight of forex markets and reserves the right to intervene when necessary to address excessive currency volatility (1). To improve market efficiency and increase access to foreign exchange for investment purposes, the BNA has expanded the base of entities authorized to negotiate foreign currency purchases and sales with commercial banks, creating a more accessible trading environment for legitimate market participants.
Source:
https://www.state.gov/reports/2024-investment-climate-statements/angola/
https://www.trade.gov/country-commercial-guides/angola-trade-financing
Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
