MEDIA RELEASE No: 2003-01 Date: 6 March 2003 Embargo: For Immediate Release

BANKING (FOREIGN EXCHANGE) REGULATIONS 1959
REPEAL OF SANCTIONS AGAINST UNITA

Following the decision by the United Nations Security Council to lift the remaining sanctions against the National Union for the Total Independence of Angola (UNITA), the Reserve Bank has, at the direction of the Commonwealth Government, taken steps under the Banking (Foreign Exchange) Regulations 1959 to remove Australia's financial sanctions against UNITA, with effect from today.

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Manager, Media Office
Reserve Bank of Australia
SYDNEY
(02) 9551 9720