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Home Africa

Angola: BNA to sell US$650M in October

FurtherAfrica by FurtherAfrica
September 27, 2018
in Africa, Angola, Banking, Currency, Economy
Reading Time: 1 min read
0
Bank of Angola provides US$500M for auctions in August

Banco Nacional de Angola (Photo: Vandre Spellmeier)

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Angola’s National Reserve Bank (BNA) will put up for sale foreign currency equivalent to USD 650 million, less USD 50 million compared to September.

The move is meant to ensure greater transparency in the marked, starting on October 1, 2018.

BNA announced 14 auctions for October, an increase of six in relation to the previous one, according to the calendar released Tuesday in its website.

Source: Angop

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Tags: AngolaAngola's National Reserve BankAngolan KwanzaBanco Nacional de AngolaBNAcurrency devaluationFeatureforeign exchangeforexUSDwebsiteанголаأنغولاアンゴラ安哥拉
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