africa Angola Banking Economy Finance

Angola reserve bank sells over 106 million Euros

At least 106.2 million Euros were sold by the Banco Nacional de Angola to commercial banks from July 18-22 this year.

According to information posted on BNA website, the above amount corresponds to Usd 118.7 million.

The sales were held during auction sessions, having 35.8 million Euros gone to cover the needs of service firms in the oil sector.

7.2 million Euros went to cover foodstuffs operations and 22.7 million Euros to needs of firms.

On the other hand, BNA sold 22.4 million Euros to cover travel and family costs, while 17.9 million Euros went to card credit operations.

Over the weekend, the country’s primary exchange market recorded sale reference exchange rate of Euro=Akz 186,267, and Usd=AKz 166,713.

Source: Angop


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