Angola’s foreign reserves fall to US$30 billion in May

30 July 2014

Angola’s foreign reserves fell in May to US$30.144 billion, the second-lowest figure for the year, according to figures from the Angolan National Bank (BNA).

According to the central bank’s July bulletin on Angola’s Monetary Outlook, to which Portuguese news agency Lusa had access, the value of foreign reserves was at its lowest this year in February, when it fell to US$29.978 billion.

In May foreign reserves fell by over US$234 million compared to April.

Foreign reserves, which include gross reserves and short-term bonds in December of last year totalled US$30.945 billion. (macauhub/AO)