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Banco Nacional de Angola – the local central bank is the only financial regulatory authority in the country.
And apart from its responsibilities regarding the monetary policy and the price stability it also regulates all commercial banks, authorized currency exchanges and securities exchanges, authorized micro credit companies, authorized credit cooperatives, payment service providers, as well as all branches of international banks in the country.
And as forex and CFD brokers are not specifically mentioned in the list and as forex trading is not considered illegal, our suggestion, if you are based in Angola, is to find an international broker, licensed by a reputable financial watchdog such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).
The local currency is called kwanza, derived form the name of the Kwanza River and has been in circulation since 1977 and
You can surely use your VISA or MasterCard in Angola, but there are also other popular payment methods in the country, such as Nellpay, Cristalpay, Sunpay, Calima Transfer, Victória Trnsfer, Envio Transfer, Angola Express Money, Goo, Ginga and Maxpay.
Just for the record, Banco Nacional de Angola was a victim of an alleged fraud case, where 160 million USD were transferred to overseas accounts back in 2009.