National Bank of Angola sells dollars at exchange rate of 109.607 kwanzas

15 April 2015

The National Bank of Angola (BNA) from 23 to 27 March sold foreign currency worth US$285 million at an average exchange rate of 109.607 kwanzas, the central bank said in a statement issued Monday.

BNA, as the State operator, placed Treasury Stocks on the primary market in the amount of 7.0 billion kwanzas, with 4.9 billion kwanzas in Treasury Bills and 2.2 billion kwanzas in Treasury Bonds.

The Treasury Bonds were issued with maturities of two, three, four and five years and respective interest rates of 7.0 percent, 7.25 percent, 7.50 percent and 7.77 percent.

The average interest rate calculated for Treasury Bills was 5.99 percent per year for a maturity of 364 days, with a variation of 0.36 percentage points on the previous week.

The one-day Luibor rate calculated on the last day of the week stood at 6.25 percent per year, and was 0.03 percentage points higher compared to the previous week and for maturities of 30, 90, 180, 270 and 360 days stood at 7.76 percent, 8.41 percent, 8.98 percent, 9.47 percent and 9.91 percent. (macauhub/AO)