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Economy

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Economy

National Bank of Angola promises new kwanza will not cause inflation

The governor of the National Bank of Angola (BNA), José Massano, assured Tuesday that the entry into circulation of the new kwanza banknotes, as of 30 July, "will not have a negative impact on the formation of prices" of products.

Economy

Kwanza, without José Eduardo dos Santos, in circulation from July 30th

The National Bank of Angola (BNA) presented this Tuesday the five new notes of kwanza, national currency, series 2020, which enter into circulation from July 30, whose highlight is the figure of the first President, Agostinho Neto.

Economy

Kwanza has devalued nearly 250 percent since 2017 and will continue to fall

The kwanza, the national currency, has devalued almost 250 percent since 2017, a strategy necessary to defend international net reserves, but not enough, because the country still needs to boost the productive sector, says economist Fernandes Wanda.