"Under Instruction No. 06 and No. 09 of 2020, through which a Liquidity Line for the Purchase of Public Securities from Companies was made available, Banco Nacional de Angola proceeded until May 29 of the current year, to 55 Treasury Bond purchase operations on Bodiva's trading platform, referring to the purchase of securities from 35 companies ", reads in a note posted on the financial regulator's website.
In the note, it is added that "a total of 23.8 billion kwanzas" was disbursed to help companies deal with the economic and social impacts of the covid-19 pandemic, leaving them with more than 76 billion kwanzas available to print liquidity to the economy.
In another note posted on the website, the BNA also states that in May banks bought foreign currency from the oil sector in the amount of US $ 122.3 million, about 110 million euros.
"The National Bank of Angola is hereby informing that under the terms of Notice 13/19, which allows commercial banks to Purchase Foreign Exchange from the Oil and Gas Sector, in May of the current year, commercial banks acquired foreign exchange from referred sector in the amount of USD 122.3 million, in a total of 38 completed transactions, resulting in a weighted average rate of 623,423 kwanzas per dollar ", the note reads.
