africa Angola Banking Economy Government Tax

Angola police seize monetary values over currency violation

Approximate reading time: 1 minute

More than 2.9 million Kwanzas and USD 10. 250 have been seized in the last seven days in Santa Clara, southern Cunene province, over currency violations.

The seizure is part of operation carried out on border with neighbouring Namibia aimed to stem the capital flight.

However, 13 customs tax offenses have been reported, five more compared to the previous period – seven of currency violation, four fiscal transgressions and the other two for traffic and import smuggling.

Source: Angop

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