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Angola: return of US$500M bolsters country’s net international reserves

The return of USD 500 million to Angola reportedly transferred illegally from the Reserve Bank of Angola (BNA) to the Credit Suisse in London (UK), will help strengthening the country’s net international reserves, should there be no other commitments.

This was said by the head of the Economic and Financial Commission of the National Assembly, Diógenes de Oliveira, in a statement made on Thursday to National Radio of Angola (RNA), praising the fact that the amount has already been unfrozen.

On March 19, the UK National Crime Agency (NCA) revealed to Reuters that the USD 500 million transferred from BNA to London, whose operation triggered an investigation over suspicions of fraud against the Angolan State has already returned to the country.

The fact mobilized jointly efforts of the Ministry of Finance and BNA together with UK government and its bank institution, said the deputy prosecutor and coordinator of the National Directorate of Investigation and Criminal Punishment(DNIAP), João Luís de Freitas Coelho.

Source: Angop

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