Angola Banking Capital Markets Currency Economy Forex

Bank of Angola to sell US$350M at auction

US$ 350M will be sold in July, through auctions, by the National Reserve Bank of Angola (BNA).

Like other sessions, the BNA will disclose the amount made available, the number of participants, the maximum and minimum exchange rates admitted, as well as the average exchange rate resulting from the session.

Also read: Angola FOREX revenues drop by 27 percent

According to the monthly calendar of currency auctions to which ANGOP had access last Monday, in May and June the cumulative sale value was the equivalent to US$700M.

Source: Angop

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