africa Angola Banking Currency Economy Trade

Angola foreign currency sale drops

The amount in foreign currency sold by the Banco Nacional de Angola (BNA) in the last seven days to cover various operations fell from €376.7 million to €143.7 million (US$ 160.5 million), Angop learned.

Of the amount above, €53.7 million went to cover productive sector spending and €25.6 million were released for various other sectors.

  • €12.4 million went to cover operations in State’s ministries and organs, while Credit Letters took €12.2 million to meet the productive sector and foodstuffs imports. €9.2 million have gone for operations in the health sector.
  • Trips, family aid, education and health received €9.1 million while Credit Card spending absorbed €8.9 million and Bureaus of Exchange gripped €4.5 million.
  • Remittances operations absorbed €4.5 million, whereas €3.6 million went to cover operations in the power and water sector.

The average reference exchange rate for the American currency at weekend stood at US$=Akz 166,742.

The average reference exchange rate for the European currency at weekend was €=Akz 186,296.

Source: Angop

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One comment

  1. That’s the portrait of a country whereas the wealth distribution is restricted only for few ones: the king’s friends.
    Poor Angola. Rich country, poor people.

    Like

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