Ver Angola


Angola and Namibia may resume an agreement that allows the use of the kwanza and the Namibian dollar in both markets

Angola and Namibia will analyze the possibility of resuming the currency conversion agreement later this year, which allows the countries' citizens to use the kwanza and the Namibian dollar in both markets.


The information was provided by the governor of the National Bank of Angola (BNA), José de Lima Massano, who informed that given the proximity and trade relations between Angola and Namibia, the BNA and the Namibian central bank will meet this month. to review cooperation mechanisms.

"Now in the month of June we will have a meeting, so we will review several matters", he said, adding that it is "the currency conversion agreement".

Cited by Rádio Nacional de Angola (RNA), the official informed that "this agreement worked until a certain moment", but then it was formed by verifying "situations in which the transactions were not necessarily for the promotion of economies, to intensify trade" between the two countries, but more as "a kind of use of the channel to gain access to foreign currency".

The governor of the BNA also took the opportunity to talk about Angola's economic growth, indicating that this year the country is expected to grow by around 2.5 percent: "The good news for Angola is that this year will be another year of economic growth. Last year we came out of recession, we came from five consecutive years of negative growth and this year we expect growth of around 2.5 percent", he said, quoted by RNA.

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