Moeda Com Curso Legal Em Angolangocthanh
This law was reviewed and approved by the NA, the maximum structure of the Angolan legal system, and promulgated by the President of the Republic, the highest authority of the executive. Thus, no citizen residing in Angola has the legitimacy, power or authority to cancel the legal tender status of coins in a commercial transaction in the country. For this reason, Law No. 6/99 of 3 September provides that anyone who rejects the national currency at a legal rate in commercial transactions will be punished by a fine. And in case of recidivism, offenders are liable to imprisonment of up to six months in addition to the fine. The provisions of this Law shall be drawn up by the Government on the proposal of the National Bank of Angola within 90 days of its publication. 2. It is generally the responsibility of Angela National Bank to establish the regulatory principles and procedures to be applied to foreign exchange transactions and to publish or transmit the technical and other instructions necessary for the proper implementation of the legal framework for the same transactions. 3 Unless otherwise specified, the instructions referred to in para. shall enter into force upon their publication or transmission. 4. This right applies to foreign investment in anything not regulated by special laws. In creating the circulating environment, central banks take into account the concept of true lordship, a subject that is already covered in more detail in this weekly.
There is no doubt that by issuing coins, the BNA saves a considerable amount of money compared to issuing banknotes of the same value, especially those with a higher circulation speed. If users realize that money for money production comes from already scarce public funds, understanding the actual owner should motivate the population and merchants to willingly use coins as a means of payment in commerce. You can pay the phone bill or the water bill, the ticket to the Candongueiro and the medical bill. There is no service or merchandise that cannot be paid for with coins. In the United States, where the coins are legally before the courts, ABC & News published a report on August 10, 2014 that a California insurance company had paid compensation of more than $23,000 in full in coins made up of cent denominations. This concept has been the driving force to prevent the use and rejection of coins as a means of payment for goods and services in certain market circles. This concept is invariably supported by the idea of the disadvantage of its weight, diameter and volume, and its supposedly reduced purchasing power, since they represent the smallest denominations. 1.
It is the responsibility of the National Bank of Angola to investigate exchange rate violations and give instructions on appropriate procedures and may carry out inspections at any time in order to seize goods used or obtained from illegal activity. 2. The police authorities and other public institutions or services shall cooperate with the National Bank of Angola. 3. The Governor of the National Bank of Angola shall be responsible for the application of the fines and other sanctions provided for in this diploma. 4. An appeal may be brought against the decision given in the proceedings referred to in the preceding paragraph. Another fundamental concept, the meaning of which is often misunderstood by an extraordinarily large number of citizens, is what we call legal travel. This concept is closely related to the concept of payment, and its understanding is reshaping our attitudes and behaviour towards the use of coins as a means of payment.
Law No. 20/12 of June stipulates that metal parts of the 1999 series and those of the 2012 series have legal status. As for the characteristics, the diameter of the piece is 28.5 mm, 10.5 grams, monochrome, semi-serrated in silver color. On the face of the coin, the floor stands out, represented by “the fraternal embrace and sense of national unity among Angolans” and the inscription at the top “National Peace and Reconciliation”. l. In the event of recovery of fines, provided that there is no appeal and the payment is not voluntary, the legal provisions on tax enforcement apply. (2) A copy of the decision imposing the fine shall serve as the basis for enforcement and shall be submitted to the competent tax court. 3. In the event of an appeal and a final conviction :d, the rules of enforcement proceedings shall apply to a fine imposed by the Public Prosecutor`s Office.
The law does not exonerate or extinguish the debt until payment is offered or extended. Often, technical, technological and communication problems make it impossible to offer payment. Only coins and banknotes are normal legal tender. This means that in Angola, regardless of the value of the financial obligation to be cancelled by a citizen, any number of coins of any denomination can be used freely. You can pay the price of a car, a house, a piece of land, or someone`s salary. In addition to being used as a means of exchange and pricing, the coins were also marketed as a means of payment, according to the BNA governor. In some African countries, including Angola, many merchants and a large number of customers have embraced the concept that coins cannot be used for payments. The first national currency unit, called Kwanza (AOK), was created by Law No. 71-A/76 of 11 November (National Currency Law) and replaced the colonial protective shield. The first banknotes were issued by the National Bank of Angola in 1977 and began exchanging currencies throughout the national territory, where 1 kwanza was equivalent to 1 Angolan shield. In addition to the denomination notes of Kz 10, Kz 5, Kz 2 and Kz 1 (100 Lwei = 1 Kz), banknotes with nominal denominations of Kz 1,000, Kz 500, Kz 100, Kz 50, Kz 50 and Kz 20 were issued.
In 1981, 1984 and 1986, Decrees No 7/81 of 28 January and No 27/86 of 13 December introduced minor amendments in order to ensure greater monetary security and to combat counterfeits placed on the market. When the price of oil fell from $30 to $13 per barrel in 1986, the overvaluation of the national currency, which had a fixed exchange rate of 30,214 kwanzas per US dollar, became more pronounced. In 1990, during the transition period from the socialist development model to the implementation of a market economy, the current currency of the kwanza was replaced by the novo kwanza (AON), created by Law No. 12/90 of the Standing Committee of the People`s Assembly of 22 September. For this new currency, the coins of the old currency and the old Kwanza banknotes were preserved. The decrees created by Decrees No. 7/81 of 28 January and No. 27/86 of 13 December were overprinted with the inscriptions “NEW KWANZA” to represent the new currency, in which the 1,000 Nkz and 500 Nkz notes used banknotes of the same denomination of the Kwanza, while the 5,000 Nkz note circulated in the form of the Kz 100 note with the inscriptions “5000 NEW KWANZA”. The exchange rate process consisted of the exchange of 5 per cent of the cash delivered and the freezing of 95 per cent deposited with the Central Bank, with the promise to issue government bonds, which only happened two years later with the publication of Decree No. 12/92 of 20 March.
Law No 20/91 of 8 June authorised the Central Bank to issue banknotes created by Law No 12/90. put into circulation the 5,000 Nkz, 1,000 Nkz, 500 Nkz and 100 Nkz banknotes. These overprinted banknotes coexisted until the publication of Communication No 3/93 of 29 January, which rendered the reprinted banknotes obsolete. The Government cancelled the Novo Kwanza on 18 March, November and 28 December 1991 and, by the end of the same year, amounted to $1 for every 180 new Kwanzas. On 10/92 authorized the National Bank of Angola to issue 10,000 Nkz of 100 and 50 metal coins under the influence of rising inflation. Law No. 7/93 of 2 July, which authorized the issuance of Nkz 100,000 and Nkz 50,000, was adopted. Thus, Law No.
9/94 of 19 August introduced the Nkz 500,000 note. The national currency was devalued to such an extent that in 2005, Nkz 500,000 was equivalent to $0.15, which prompted the creation of a new currency, the Readjusted Kwanza (AOR), by Law No. 4/95 of 1 July, in which Nkz 1,000 was 1,000. Law No. 5/95 of 1 July KzR 10,000, KzR 5,000, KzR 1,000 banknotes. As the purchasing power of money continued to decline, Law No 10/96 of 26 December introduced money into Mecklenburg-Western Pomerania. The introduction of banknotes with a higher face value was introduced in April, which put into circulation notes of 5 000 000 KzR, 1 000 000 KzR, 500 000 KzR, 100 000 KzR and 50 000 KzR. Faced with a scenario of rising inflation rates in the triple digits, in view of the shortage of banknotes, a regulatory package was adopted in 1999 to introduce more mechanisms for controlling the foreign exchange and exchange markets, namely the liberalization of interest rates and exchange rates and the introduction of bank securities. Central.De possibility of simplifying accounting procedures and increasing the purchasing power of the national currency, the Kwanza (AOA) has been reintroduced. with Law No. 11/99 of 12 November, with the equivalence of 1 kwanza = 1,000,000 kwanzas newly adapted.