12 °c
London
Friday, June 9, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angolan central bank head promises new forex measures this week

FurtherAfrica by FurtherAfrica
April 5, 2016
in Africa, Angola, Banking, Economy, Finance, Government, Legislation
Reading Time: 1 min read
2.9k 59
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

 

Angola’s new central bank governor, Valter Filipe da Silva, said on Monday that the bank would this week introduce unspecified measures aimed at the foreign exchange market.
Da Silva’s remarks come as Africa’s second-biggest oil producer grapples with slumping crude prices, forcing the government into talks with the World Bank and International Monetary Fund about possible financial assistance.
Da Silva told journalists that the bank would this week “release a series of necessary measures to create better macro-economic conditions to improve control of monetary and foreign exchange policies”. He did not elaborate.
Da Silva was little-known in financial circles before his appointment last month, and had been working as a lawyer in the vice-president’s office. He faces a number of challenges including a slide in the kwanza currency, which has lost more than a third of its value against the dollar since the start of 2015.

 

Source: Reuters

Related

Tags: AngolaCentral Bankcurrency devaluationFinancial assistanceforeign exchangeforexIMFkwanzamonetary controlValter Filipe da SilvaWorld Bank
ScanSendShare1189Tweet743Share208Pin268Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Energy

Angola’s Sonangol and Chinese company sign MoU for Lobito refinery

by FurtherAfrica
June 9, 2023
Trade

China-Africa trade expo to be held in China’s Changsha

by 360 Mozambique
June 9, 2023
Nigeria needs currency reform for US$1.5B World Bank loan, country director says
Economy

World Bank sees Kenya economy up 5% this year

by FurtherAfrica
June 8, 2023
Economy

IMF concludes 2023 article IV consultation with South Africa

by Rafael Carvalho
June 8, 2023
Energy

Savannah energy’s Nigeria arm inks gas supply deal for local market

by Energy Capital & Power
June 8, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Energy

Angola’s Sonangol and Chinese company sign MoU for Lobito refinery

by FurtherAfrica
June 9, 2023
0

Angola’s Oil Firm Sonangol and China National Chemical Engineering (CNCEC) last week in Beijing, China, signed a memorandum of understanding...

Read more

China-Africa trade expo to be held in China’s Changsha

June 9, 2023
Nigeria needs currency reform for US$1.5B World Bank loan, country director says

World Bank sees Kenya economy up 5% this year

June 8, 2023

IMF concludes 2023 article IV consultation with South Africa

June 8, 2023

Savannah energy’s Nigeria arm inks gas supply deal for local market

June 8, 2023

FurtherAfrica Partners Network

The Exchange Farmers Review Africa 360 Mozambique
TechGist Africa Energy Capital & Power Club of Mozambique
Taarifa Rwanda Web3Africa See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa  

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 107,193 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?