africa Angola Banking Economy forex

Foreign reserves in Angola hit US$9.8B

Statistics the Central Bank of Angola (BNA) issued revealed a surge in the country’s Foreign Exchange Reserves, standing at USD9.8 billion during the seventh month of 2019.

BNA noted in its report that this comes in comparison to the USD9.5 billion of Foreign Exchange Reserves reached in Angola in June this year.

Angola was able to break a high record in July after hitting a record low for the first four months of this year.

Private sector received USD127.1 million from BNA in July, from the USD122.1 million witnessed a month earlier.

Source: MENAFN

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