National Bank of Angola increases foreign currency sales in January

23 February 2011

Luanda, Angola, 23 Feb – The National Bank of Angola (BNA) in January sold over US$1.289 billion on the interbanking foreign exchange market to meet demand for foreign currency, the central bank said in a statement published in Luanda.

Cited by state daily newspaper Jornal de Angola, the statement said that the sale of foreign currency in January saw a year on year rise of 73.27 percent, despite posting a slight drop of 4.62 percent against December of last year.

The Angolan central bank also said that the kwanza exchange arte against the US dollar in January had seen a depreciation of 0.59 percent, with the average exchange rate for buying and selling remaining at 93.190 kwanzas per dollar.

Also in January, according to the BNA statement, the average interest rate on 1-year sovereign debt bonds remained at 13.69 percent. (macauhub)