Ver Angola

Banking and Insurance

September has 200 million dollars for auction made available by BNA

Commercial banks will be able - in the next month of September - to have US $ 200 million available from the National Bank of Angola (BNA).

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In a statement to which VerAngola had access, the BNA says that the currencies will be spread over eight sessions, each of which will provide 25 million dollars.

This value, established by the bank regulator for placing foreign exchange on the market, is lower than the one advanced at the end of July, when the central bank announced for the August and September transactions an accumulated value of 600 million dollars, at the rate of 300 million /month.

According to available data, cited by Angop, in the first half of 2020, the average sales of BNA stood at US $ 359.2 million per month, although the value of January transactions, of 519.6 million, constituted 24 percent of the total traded in that period, well above the 188.4 million traded in April.

According to the same data, from January to July, the BNA sold about 2.16 billion dollars, a 49 percent reduction compared to the 4.26 billion traded in the same period last year.

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