Angolan banks return to buying dollars on the primary market

11 April 2016

Commercial banks operating in Angola last week once again had access to dollars on the primary market when the National Bank of Angola (BNA) sold US$314 million for priority operations, the central bank said.

In the statement the BNA said US$89.2 million would be used for food imports and US$22.8 million to cover scholarship payments, family assistance, health, education, travel and remittances, among others.

The Angolan central bank also auctioned US$60 million to cover operations of companies that provide services to the oil sector.

The previous week, the BNA sold 110 million euros of which 90 million euros were used to cover the general import needs of companies providing services to the oil sector and 20 million euros for operations of a private nature. (macauhub/AO)