Foreign Exchange Foreign exchange transactions are effected through the National Bank of Angola's commercial department. It is strictly prohibited to take any local currency out of the country. All Angolan imports are made through the central bank regardless of whether currency is held at another bank. All imports with limits established under the import plan are subject to the availability of foreign exchange . Imports of capital goods must be financed partly by medium-term foreign financing.
All imports are subject to licensing .
Licenses are granted only to registered enterprises of proven technical, commercial, and financial capacity. Licenses for imports of goods are valid for 180 days after issuance and may be extended once for an additional 180 days. Imports of pharmaceuticals must be registered in advance with the Angolan Ministry of Health. Angola uses the Customs Co-operation Council Nomenclature. Ad valorem duty is based on the C.I.F. value.