Ver Angola

Economy

Banks will be able to buy up to 800 million dollars starting next week

It is already from next week that the National Bank of Angola (BNA) will allow commercial banks to buy up to 800 million dollars.

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The sale of the US currency will take place between March and May, revealed the BNA, this Monday, through a note made available on its official website.

In the same document, the bank also reveals that the 800 million dollars are "indicative in nature, with the Central Bank being able to make adjustments according to the evolution of external accounts".

Between January and March, 1,110 million dollars were placed, but demand was below supply, having been sold just over 795 million dollars.

"Supply varies according to the demand of commercial banks", justified a source from the regulator, adding that the foreign exchange auctions also have to do with the strategy of managing net reserves.

It should be remembered that since the beginning of January citizens can buy up to 120,000 dollars a year without having to submit a supporting document.

The value of the exchange rates charged at the bureaux de change and commercial banks can be consulted on the BNA's website.

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