Media 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.

UPDATE: On 7 March 2012, responsibility for the administration of Australia's autonomous financial sanctions was transferred from the RBA (under the Banking (Foreign Exchange) Regulations 1959) to the Department of Foreign Affairs and Trade (DFAT) (under the Autonomous Sanctions Regulations 2011). This change was announced in RBA Media Release No 2012-05. For all enquiries about Australia's autonomous financial sanctions regime, including the current list of sanctioned individuals and entities, refer to the DFAT website.


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