BNA warns of counterfeit kwanza and dollar banknotes

The Angolan currency, the kwanza

The Angolan currency, the kwanza

  |  Jornal de Angola

The National Bank of Angola (BNA) has warned the market about the dangers of counterfeit currency trading with informal moneychangers.

The BNA made the announcement in a statement issued yesterday to signal the entry into force of Notice 12/2019. The notice lays down rules and procedures for foreign exchange operations by natural persons, subject only to measures covered by the rules on the prevention and combating of money laundering and the financing of terrorism.

"As is well known, law enforcement authorities have been identifying recurring cases of circulation of counterfeit national and foreign currency notes in our country. Following this new measure, the National Bank of Angola, once again, reiterates its recommendation to all citizens, to carry out foreign exchange operations only at commercial banks or exchange offices, for their own protection," the statement reads.
In addition to this recommendation, the BNA warns that placing counterfeit or counterfeit currency in circulation and using it for payments are crimes punishable by law in Angola and in the vast majority of countries, with severe penalties.

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