Luanda - National and foreign citizens are allowed to bring into or take out of the national territory an amount of USD10,000 in cash, duly declared to the customs authorities, National Bank of Angola (BNA) has stated.
The measure is contained in Notice No. 6/22 of 3 March, of the BNA, which revokes, the previous one, No. 1/16 of 12 April.
Border authorities are authorized to condition the exit of national or foreign currency, regardless of whether the amounts comply with the limits regulated in this Notice, whenever the traveler is suspected of any criminal offense, under the terms of the legislation in force.
BNA justifies the updating of the rules with the need to improve national and international regulations in the foreign exchange market, as well as the prevention and fight against money laundering and the financing of terrorism.
Thus, the total amount in cash is updated to USD 10,000.00 with natural persons, nationals and foreigners, who can enter and leave the national territory, added the financial institution.
However, it is pointed out that there will be situations in which they will be obliged to declare to the customs authorities the value that travelers take.
National citizens residing abroad, as well as Angolans who emigrate, diplomats or their relatives who intend to leave the country, with a value equal to or greater than the stipulated, must provide proof of entry of this value, through the declaration completed upon entry into the country.
As for the cases of departure, the BNA notice determines the same value, for individual citizens, considered to be foreign exchange residents.
Minors under 18, who travel alone, are authorized to carry the amount in cash, in local or foreign currency, totaling USD 1,000.00.
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