Ver Angola


National currency with appreciation of 0.5 percent in December

In December, the national currency registered an appreciation of 0.5 percent compared to the previous month (November) and an accumulated value of around 10 percent in one year.


Regarding the exchange rate evolution of the kwanza in the last year, it is possible to observe a growth of the national currency, writes Jornal de Angola.

Thus, by way of example, on January 3 of last year, 32,500 kwanzas were worth 52.5 euros and 59.5 dollars. In January of this year, the same amount of kwanzas corresponds to 60.4 euros and 64.5 dollars.

According to Jornal de Angola, it is deduced that more is bought abroad and even domestically with the same amount of national currency available.

In comparative terms with other economies, according to Bloomberg notes, cited by Jornal de Angola, this path for the kwanza contradicts that of several economies on the African continent and of countries such as Brazil, Russia, India, China and South Africa (BRICS countries).

According to Jornal de Angola, still within the comparison, the national currency appreciated the most (10.09 percent), also highlighting the Seychelles Rupee (2.0 percent) and the Mozambican Metical (0.4 percent).

It should also be noted that there was an increase in the country's international reserves. Set at 13.8 billion dollars at the beginning of December, reserves grew by more than 600 million dollars, ending the month at 14.4 billion dollars, according to data from the National Bank of Angola (BNA), quoted by Jornal de Angola.


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