Financial system should drive Angola’s development, BNA governor says

9 May 2016

The financial system should be the driver of increased domestic production in times of economic crisis due to the fall om international oil prices, said Friday in Luanda the governor of the National Bank of Angola (BNA).

Valter Filipe, who was speaking at the opening ceremony of the Currency Museum, gave assurances that the country would adapt the financial system to prudential standards and new international practices to restore its credibility and “make it a strategic instrument for the prosperity of families and national companies.”

Cited by Angolan news agency Angop, the governor said this was the BNA’s mission, because it is understood that oil cannot continue to be a strategic product and therefore the Angolan financial system needs to be the driver for increased domestic production and to allow families to save and invest in the economy.

The Currency Museum, a project located on the Luanda waterfront, occupies a gross floor area of 95,000 square metres and has two exhibition halls and a number of other facilities. (macauhub/AO)

MACAUHUB FRENCH