Angola lowers maximum currency export amounts

8 April 2016

The government of Angola has lowered the maximum amounts in currencies that a national or valid card-holding foreign citizen can take out of the country, said Thursday in Luanda the governor of the National Bank of Angola.

Valter Filipe da Silva said the measure, which has the endorsement of the Economic Commission and the Real Economy Commission of the Council of Ministers and that came into force on Thursday, sets a maximum of US$10,000 for people aged over 18 and US$3,500 for children under 18.

The maximum amounts previously set were US$15,000 or the equivalent in another foreign currency people over 18 and US$5,000 for under 18s, according to Angolan news agency Angop.

The governor of the National Bank of Angola said the measure aims to prevent the foreign currency from leaving the country. (macauhub/AO)