Ver Angola

Banking and Insurance

Banks bought 222.6 million dollars from oil companies in April

The banks bought 222.6 million dollars from the oil companies in April, 37.2 million dollars less than the previous month.

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According to a note from the National Bank of Angola (BNA), the commercial banks made a total of 76 transactions with the oil and gas sector, resulting in a weighted average rate of 582,559 dollars.

In March of this year, the sale of oil and gas sector currencies to commercial banks amounted to 259.8 million dollars at a weighted average rate of 521.073 dollars.

In February, foreign exchange sales reached 279.6 million dollars and in January, the first month since the entry into force of the rule authorising direct transactions between operators in the hydrocarbon industry and commercial banks, they reached 277.7 million dollars.

The BNA regulation authorising commercial banks to buy foreign exchange from oil companies, without intermediation by the central bank, came into force on 2 January this year.

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